SignalGeopolitics

$WBD

- UBS LIFTS WARNER BROS. DISCOVERY PRICE TARGET TO $31

WBD

$28.25

-0.42%

What changed

- UBS LIFTS WARNER BROS. DISCOVERY PRICE TARGET TO $31 UBS raised the PT from $30, maintaining Neutral. Streaming and studios "hitting their strides." Q1 revenue $8.9B, adjusted EBITDA $2.2B unchanged ex-FX. Net loss included a $2.8B termination fee paid to Netflix.

Why it matters

- UBS LIFTS WARNER BROS. DISCOVERY PRICE TARGET TO $31

Sources

yahoo