Warner Bros. Discovery price target raised to $9 from $7 at Barclays

Barclays analyst Kannan Venkateshwar raised the firm’s price target on Warner Bros. Discovery (WBD) to $9 from $7 and keeps an Equal Weight rating on the shares. The company’s earnings report is unlikely to change the fundamental narrative, but a potential split “could be transformative for the industry as a whole, albeit with numerous roadblocks along the way,” the analyst tells investors in a research note.