Benchmark Maintains Buy on Warner Bros. Discovery, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Matthew Harrigan maintains a Buy rating on Warner Bros. Discovery (NASDAQ:WBD) but lowers the price target from $20 to $18.
August 08, 2024 | 3:37 pm
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Benchmark analyst Matthew Harrigan maintains a Buy rating on Warner Bros. Discovery but lowers the price target from $20 to $18.
The Buy rating suggests continued confidence in Warner Bros. Discovery's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100