Rothschild & Co Redburn upgraded Warner Bros. Discovery (WBD) to Buy from Neutral with a $28 price target The company is up for sale and a $27-$30 takeout price seems reasonable, the analyst tells investors in a research note. The firm estimates cost synergies of $2B if Paramount buys all of Warner Bros., and around $1.3B for suitors looking to acquire just the studio.
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