Warner Bros' Debt Downgrade Is An 'Ironically Positive' Event: Analyst

Bank of America Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Warner Bros. Discovery WBD with a price forecast of $14 on Monday.Ehrlich argued, in an analyst report, that recent developments, notably an internal reorganization and an S&P debt downgrade (viewed as an “ironically positive” event), have increased WBD’s strategic flexibility.While acknowledging challenges, the analyst expressed continued belief in WBD’s compelling collection of assets and upcoming catalysts.Also Read: Warne ...