Warner Bros. Discovery Stock Drops on Downgrade and Earnings Concerns
TL;DR Summary
Wells Fargo analyst downgrades Warner Bros. Discovery stock, citing lower earnings outlook and less favorable M&A prospects, with a shift towards licensing content to services like Netflix. The analyst also highlights the challenges of acquiring a peer and the potential impact on the company's engagement and revenue.
Topics:business#content-licensing#earnings-outlook#finance#manda#stock-downgrade#warner-bros-discovery
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