WBD Stock Dips as Wells Fargo Downgrades Warner Bros Discovery
WBDWarner Bros. Discovery(WBD) InvestorPlace·2024-01-29 23:39

Warner Bros Discovery (NASDAQ:WBD) stock is sliding lower on Monday as investors react to a new downgrade from Wells Fargo analysts. That downgrade has the firm’s analysts dropping shares of WBD stock from an “overweight” rating to an “equal weight” rating. Wells Fargo also lowered its price target for WBD stock from 16pershareto16 per share to 12 per share. To put that news in perspective, the analysts’ consensus rating and price prediction for WBD stock is moderate buy based on 16 opinions and $15.75 per share. Inv ...