Wells Fargo Maintains Overweight Rating for Warner Bros. Discovery: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Overweight rating for Warner Bros. Discovery (NASDAQ:WBD) but lowered its price target from $20.00 to $16.00. Despite this, shares of Warner Bros. Discovery are trading up 2.98% over the last 24 hours, at $9.68 per share. A move to $16.00 would account for a 65.29% increase from the current share price.
November 09, 2023 | 5:00 pm
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Wells Fargo has maintained its Overweight rating for Warner Bros. Discovery but lowered its price target. This could potentially lead to increased investor interest.
The maintained Overweight rating indicates that Wells Fargo still sees potential in Warner Bros. Discovery. However, the lowered price target might indicate a more conservative outlook on the company's future performance. Despite this, the stock is trading up, which could indicate increased investor interest.
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IMPORTANCE 80
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