Warner Bros Spin-Off Could Unlock Hidden Value As Ads Rebound, Streaming Gains Momentum: Analyst

BofA Securities analyst Jessica Reif Ehrlich maintained a Buy on Warner Bros. Discovery WBD with a price target of $14 on Monday.Ehrlich noted that Warner Bros has a compelling assortment of assets. The company’s upcoming catalysts included easing Studio comparisons, potential recovery in advertising, continued growth in DTC and execution of further strategic options to drive shareholder value.Also Read: Warner Bros’ Streaming Growth, Cost Cuts Highlighted, Analysts Stay CautiousOn June 9, Warner Bros annou ...