Warner Bros Stock Downgraded to "Underperform"

Warner Bros Discovery Inc (NASDAQ:WBD) was downgraded by Wolfe Research to "underperform" from "peer perform" this morning. The firm currently holds a $7.00 price target on the stock, which is a slight discount to current levels. WBD has rebounded from its post-bear note dip, however, now up 1.1$8.56. Still hovering near its recent 15-year low of $8.02 on March 5, the broadcasting name is down roughly 25% since the start of the year. Though calls are still winning out on an absolute basis, puts are mo ...