TD Cowen analyst Doug Creutz raised the firm’s price target on Warner Bros. Discovery (WBD) to $26 from $22 and keeps a Hold rating on the shares. The firm updated its model following strong Q4 results and upbeat outlook as well as ffactoring in a 65% chance of a deal.
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Read More on WBD:
- Netflix Stock Surges as the Streamer Drops Its Ego & Walks Away with $2.8B from the Warner Takeover Fight
- Warner Bros. Discovery downgraded to Hold from Buy at Deutsche Bank
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- Netflix CEO visited White House prior to terminating Warner Bro deal, CNBC says
- Warner Bros. Discovery downgraded to Hold from Buy at Benchmark
