Warner Bros Discovery falls after KeyBanc downgrades stock to 'sector weight'
View all comments(0)
Shares of media firm Warner Bros Discovery WBD.O fall 1.3% to $19.5 premarket
KeyBanc downgrades stock to "sector weight" from "overweight"
Brokerage says stock's valuation has gotten ahead of the fundamentals after reports on a potential takeover
"We have no way of knowing if a deal will ultimately materialize and, frankly, are nervous from reports suggesting (CEO David)Zaslav wants $40/sh and a bidding war" - KeyBanc
12 of 27 brokerages rate the stock "buy" or higher, 15 "hold"; their median PT is $14 - data compiled by LSEG
Up to last close, stock had risen 87% YTD
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Like
Recommended Articles
Featured Tools
Top News
Cerebras Systems IPO 2026: Date, Price, Valuation, and Whether CBRS Is Worth Buying

April 2026 CPI Preview: Will Hot Inflation Crush Nasdaq, S&P 500 & NVDA? Explosive Market Reaction Guide

'Big Short' Burry Doubles Down: Nvidia, Palantir Short Positions Double in Big Bet on AI Bubble Bursting

Is Micron the Next Nvidia? Why the 2026 "Memory Crunch" Makes MU Stock a Top AI Buy

U.S. April CPI Preview: Fed May Abandon Rate Cuts Until 2026?

Tradingkey






Comments (0)
Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.