BUZZ-Warner Bros Discovery rises after MoffettNathanson upgrades to 'buy'

Media and entertainment company Warner Bros Discovery's shares WBD.O rise 2.2% to $9.74 premarket

Brokerage MoffettNathanson said on Tuesday it is upgrading WBD from 'neutral' to 'buy'

In 2025, WBD is in a more stable financial position due to recent agreements with affiliates such as cable companies, brokerage says

Company's streaming service Max is still growing, and it has overcome some challenges facing its movie studio — MoffettNathanson

Brokerage says improved finances will allow WBD to reduce debt and improve investor perception

WBD management could face pressures from investors to make big changes, including M&A deals. This could lead to a lot of deals and negotiations — MoffettNathanson

Thirteen of 30 brokerages rate the stock "buy" or higher, 16 "hold" and 1 "sell" or lower; their median PT is $12.00 — LSEG

In 2024, WBD lost ~9.1%, outperformed by sector peers such as Netflix NFLX.O, Walt Disney DIS.N, and Fox Corp FOXA.O

(Reporting by Rishi Kant in Bengaluru)

((Rishi.Kant@thomsonreuters.com))