Bernstein Downgrades Warner Bros. Discovery to Market Perform, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Laurent Yoon has downgraded Warner Bros. Discovery (NASDAQ:WBD) from Outperform to Market Perform and lowered the price target from $10 to $8.
August 13, 2024 | 11:28 am
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Bernstein analyst Laurent Yoon downgraded Warner Bros. Discovery from Outperform to Market Perform and reduced the price target from $10 to $8.
The downgrade from Outperform to Market Perform and the reduction in the price target from $10 to $8 by a reputable analyst is likely to negatively impact investor sentiment and short-term stock price performance for Warner Bros. Discovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100