Wolfe Research analyst Peter Supino upgraded Warner Bros. Discovery to Outperform from Peer Perform with a $20 price target. After almost a year post the merger, the shares are lower while internal visibility is higher, the analyst tells investors in a research note. The firm says Warner’s execution, free cash flow an deleveraging have improved. Wells Fargo this morning also upgraded Warner Bros. Discovery.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on WBD:
- Warner Bros Discovery Notches Up on Analyst Love
- Warner Bros. Discovery call volume above normal and directionally bullish
- Warner Bros. Discovery put volume heavy and directionally bearish
- Warner Bros.’ HBO Max to get thousands of shows at no extra cost, Bloomberg says
- Warner Bros. pushes ‘Suicide Squad’ game release again, Bloomberg says
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue