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Morgan Stanley Raises Warner Bros. Discovery Price Target Amid Strong Fundamentals
Morgan Stanley Raises Warner Bros. Discovery Price Target Amid Strong Fundamentals
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BTCCSquare news:
Warner Bros. Discovery shares edged higher after Morgan Stanley analyst Benjamin Swinburne lifted his price target from $13 to $15, maintaining an Equal Weight rating. The adjustment reflects stronger-than-expected year-to-date performance, with potential upside to $22 per share in a bull case scenario—even without further M&A activity.
Swinburne's analysis suggests the entertainment giant's standalone fundamentals could drive valuation higher, countering market skepticism about merger-dependent growth. The stock's fractional gain during Thursday's close indicates cautious investor Optimism toward this thesis.
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