Text size Dreamstime Discovery Communications shares are roaring higher on Friday, after an analyst upgraded the stock and issued a price target 75% above Thursday’s closing price in a 30-page report. BofA’s Jessica Reif Ehrlich sees Discovery’s coming merger with AT&T ‘s WarnerMedia subsidiary as creating “a global media powerhouse” […]
Discovery
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Before the start of the first day of trading for Warner Bros. Discovery, Evercore ISI media analyst Vijay Jayant is calling the stock “undervalued” and labeling the company as “the first direct-to-consumer free-cash-flow machine.” WBD, the company’s stock-ticker symbol, was created after Discovery’s acquisition of WarnerMedia closed Friday. In […]