Warner Bros. upgraded to Outperform from Peer Perform at Wolfe Research
The Fly

Warner Bros. upgraded to Outperform from Peer Perform at Wolfe Research

Wolfe Research analyst Peter Supino upgraded Warner Bros. Discovery to Outperform from Peer Perform with a $20 price target. After almost a year post the merger, the shares are lower while internal visibility is higher, the analyst tells investors in a research note. The firm says Warner’s execution, free cash flow an deleveraging have improved. Wells Fargo this morning also upgraded Warner Bros. Discovery.

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