Benchmark analyst Matthew Harrigan raised the firm’s price target on Warner Bros. Discovery (WBD) to $25 from $18 and keeps a Buy rating on the shares following this morning’s indication that the board has initiated a strategic review. Apple (AAPL), Amazon (AMZN), and almost certainly Comcast (CMCSA) would likely face “transactional” friction from the current Trump Administration in a deal, while Netflix (NFLX) co-CEO Greg Peters has expressed disinterest, according to the analyst, who argues that a prospective combination with Paramount Skydance (PSKY) “offers the best strategic value in tandem with high likelihood for regulatory approval.”
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