Warner Bros. Discovery shares are trading higher after Keybanc upgraded the stock from Sector Weight to Overweight and announced an $11 price target.
Portfolio Pulse from Benzinga Newsdesk
Warner Bros. Discovery's stock (WBD) trades higher following an upgrade from Keybanc from Sector Weight to Overweight with a new price target of $11.

May 10, 2024 | 2:07 pm
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POSITIVE IMPACT
Keybanc upgraded Warner Bros. Discovery to Overweight from Sector Weight and set a price target of $11, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect a positive change in the stock's outlook. The upgrade from Sector Weight to Overweight by Keybanc, coupled with a specific price target of $11, suggests a strong confidence in the company's future performance. This is likely to influence investor sentiment positively and could lead to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100