Bernstein analyst Laurent Yoon raised the firm’s price target on Warner Bros. Discovery (WBD) to $23.50 from $16 and keeps a Market Perform rating on the shares. The firm says Q3 confirms S&S is firmly on track to deliver on 2025 goals and sustain its momentum into 2026. For those who may have hoped for a disappointing Q3 to push the number down, well, that’s not going to work, Bernstein contends. The argument that this is a must-have asset still holds, and the X-Mas gift may be on its way.
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