MoffettNathanson upgraded Warner Bros. Discovery (WBD) to Buy from Neutral with a price target of $13, up from $9. The firm says Warner’s financial performance and elevated debt levels have kept it on the sidelines. However, in 2025, the company has “relative stability” following its recent round of significant affiliate fee renewals, as well as continued growth at Max and reduced Studio headwinds, the analyst tells investors in a research note. It expects this to lead to continued de-levering into the medium term.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBD:
- Warner Bros. Discovery upgraded to Buy from Neutral at MoffettNathanson
- Now Streaming: Imax to debut Netflix ‘Narnia’ film across its network in 2026
- Hit by LA Fires, Apple, Amazon and Netflix (NASDAQ:NFLX) to Stream Benefit Concert
- Video game sales increased 1% y/y in Europe in 2024, VGC reports
- Warner Bros. Discovery (WBD) Expands Board with Tech Leaders