JP Morgan Maintains Neutral Rating for Warner Bros. Discovery: Here's What You Need To Know

JP Morgan has decided to maintain its Neutral rating of Warner Bros. Discovery WBD and lower its price target from $13.00 to $10.00.

Shares of Warner Bros. Discovery are trading up 1.74% over the last 24 hours, at $8.76 per share.

A move to $10.00 would account for a 14.16% increase from the current share price.

About Warner Bros. Discovery

Warner Bros. Discovery was formed in 2022 through the combination of WarnerMedia and Discovery Communications. It operates in three global business segments: studios, networks, and direct-to-consumer. Warner Bros. Pictures is the crown jewel of the studios business, producing, distributing, and licensing movies and television shows. The networks business consists of basic cable networks, such as CNN, TNT, TBS, Discovery, HGTV, and the Food Network. Direct-to-consumer includes HBO and the firm's streaming platforms, which have now been consolidated to Max and Discovery+. Much of the DTC content is created within the firm's other two business segments. Each segment operates with a global reach, with Max available in over 60 countries.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.