Warner Bros. Discovery shares are trading lower, pulling back after gaining Tuesday. The company lowered its EBITDA outlook due to strikes. Additionally, Rosenblatt maintained a Sell rating on the stock.
Portfolio Pulse from Benzinga Newsdesk
Warner Bros. Discovery's shares are trading lower following a reduction in its EBITDA outlook due to strikes. Rosenblatt has maintained a Sell rating on the stock.
September 06, 2023 | 3:13 pm
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NEGATIVE IMPACT
Warner Bros. Discovery's stock is trading lower due to a lowered EBITDA outlook and a maintained Sell rating from Rosenblatt.
The company's lowered EBITDA outlook due to strikes indicates potential financial instability, which is likely to negatively impact investor sentiment. Additionally, Rosenblatt's maintained Sell rating suggests that the stock may not perform well in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100