Morgan Stanley analyst Benjamin Swinburne raised the firm’s price target on Warner Bros. Discovery (WBD) to $15 from $13 and keeps an Equal Weight rating on the shares. Stronger than expected year-to-date performance from its studio lifts the firm’s estimates and price target, notes the analyst, who sees a $22 “bull case” as possible either fundamentally or through a potential Paramount Skydance (PSKY) bid.
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Read More on WBD:
- Cautious Hold: Balancing Warner Bros’ Studio Success with Acquisition Speculation and Synergy Uncertainties
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