Seaport Research analyst David Joyce increased the firm’s free cash flow outlook for Warner Bros. Discovery and argues that the post-earnings selloff, which the firm attributes to a lack of tangible guidance, provides a “unique” buying opportunity. The firm has a Buy rating and $17 price target on the shares.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on WBD:
- SPY ETF Update, 2/26/2024
- Warner Bros. Discovery (NASDAQ:WBD): Hard to Stand by This Struggling Stock
- Warner Bros. Discovery exec Padilla sells 2,686 common shares
- ‘Call of Duty: Modern Warfare 3’ top-selling U.S. game in January, says Circana
- Warner Bros. Discovery expects ‘another strong free cash flow year’ in 2024