Warner Bros' Debt Downgrade Is An 'Ironically Positive' Event: Analyst - Warner Bros. Discovery (NASDAQ:WBD)

Warner Bros' Debt Downgrade Is An 'Ironically Positive' Event: Analyst - Warner Bros. Discovery (NASDAQ:WBD)

Bank of America Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Warner Bros. Discovery (NASDAQ:WBD) with a price forecast of $14 on Monday. Ehrlich argued, in an analyst report, that recent developments, notably an internal reorganization and an S&P debt downgrade (viewed as an “ironically positive” event), have increased WBD’s strategic flexibility. While acknowledging challenges, the analyst expressed continued belief in WBD…

Bank of America Still Sees Upside In a Warner Bros. Discovery Split

“We believe the market value for WBD's Studio and DTC (direct-to-consumer) assets standalone could far exceed the market cap of the company today,".