Warner Bros. Discovery price target raised to $25 from $16 at Barrington

Barrington raised the firm’s price target on Warner Bros. Discovery (WBD) to $25 from $16 and keeps an Outperform rating on the shares ahead of the earnings report. The firm says the prospect of multiple parties interested in Warner’s studio or the whole company “creates potential for some greater valuation.” However, if the separation were to go forward, the potential for shareholder value creation from the separate entities remains attractive, the analyst tells investors in a research note.