Warner Bros. Discovery Stock Falls On Analyst Rating
Portfolio Pulse from Ryan Gustafson
Warner Bros. Discovery Inc. (NASDAQ:WBD) shares are trading lower after Rosenblatt Securities maintained a Sell rating on the stock and kept the $10 price target. The company has lowered its 2023 AEBITDA guidance due to the impact of ongoing strikes. However, it raised its 2023 FCF guidance due to strong performance of Barbie and strike-related factors. Risks include the potential loss of NBA media rights in 2025.
September 06, 2023 | 8:45 pm
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NEGATIVE IMPACT
Warner Bros. Discovery's stock is trading lower due to Rosenblatt Securities maintaining a Sell rating. The company's lowered 2023 AEBITDA guidance and potential loss of NBA media rights pose risks.
The maintained Sell rating from Rosenblatt Securities is a negative signal for investors, leading to a drop in the stock price. The lowered 2023 AEBITDA guidance due to strikes and the potential loss of NBA media rights in 2025 add to the risks for the company, potentially leading to further downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100