BofA analyst Jessica Reif Ehrlich tells investors that Warner Bros. Discovery management has implemented "a tremendous amount of both operational and strategic changes" since the merger closing in April and she anticipates the company will deliver on its goal of $2B-plus in incremental synergy in 2023. The analyst, who sees "a lot of low hanging fruit in almost every division where they can be more efficient and monetize better," calls Warner Bros. Discovery the "best value in media" and keeps a Buy rating and $21 price target on the shares.
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Published first on TheFly
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