Equity Analyst S Advice On Wbd Stock Close Your Eyes And Buy It
Wells Fargo had already seriously revised its target price for WBD stock from $42 to $19. The downgrade from “buy” to “hold” came immediately after Warner Bros. Discovery’s concerning second-quarter earnings report. In its first quarter as a combined company, Warner Bros. Discovery lost $3.4 billion. The company totally whiffed on Wall Street’s Q2 estimates for the combination of WarnerMedia and Discovery, Inc., sending the stock below $15. It has not passed that threshold in the month that followed....