Warner Bros Discovery slips as Argus downgrades to 'Sell'
29/09/2026 13:33
BUZZ-Warner Bros Discovery slips as Argus downgrades to 'Sell' ** Argus Research downgrades Warner Bros. Discovery WBD.O to "Sell"
** WBD shares marginally down in premarket trading at $30.86
** Brokerage says gap between WBD's share price and Paramount Skydance's PSKY.O $31 per share acquisition offer has effectively closed
** The recent settlement of the multistate attorneys general antitrust lawsuit clears the way for the company's acquisition by PSKY and leaves little remaining upside for WBD - brokerage
** Avg. rating of 21 analysts is "hold;" their median PT is $31 - data compiled by LSEG
** Up to last close, stock has risen ~7% this year
(Reporting by Prathik Jayaprakash in Bengaluru)