Goldman Sachs Maintains Buy on Warner Bros. Discovery, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brett Feldman has maintained a Buy rating on Warner Bros. Discovery (NASDAQ:WBD) but has reduced the price target from $17 to $15.

November 10, 2023 | 4:27 pm
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NEUTRAL IMPACT
Goldman Sachs reaffirms a Buy rating on Warner Bros. Discovery but lowers the price target to $15, indicating a positive outlook with a more conservative valuation.
The maintenance of a Buy rating suggests that Goldman Sachs remains optimistic about Warner Bros. Discovery's future performance. However, the reduction in the price target may reflect a more cautious stance on the company's valuation, possibly due to market conditions or company-specific factors not detailed in the article. This could lead to a neutral short-term impact on the stock as the positive sentiment of the Buy rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100