Updates
** Media and entertainment company Warner Bros Discovery's shares WBD.O rise 3.1% to $9.82 in early trade
** 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))