<div id="readability-page-1"><p><span>Warner Bros. Discovery (NASDAQ:WBD - Get Free Report)</span> had its price objective dropped by KeyCorp  from $18.00 to $16.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an &#34;overweight&#34; rating on the stock. KeyCorp's price objective would indicate a potential upside of 41.51% from the company's current price.</p><ul><li>Will Warner Bros. Discovery’s Split Produce Double the Upside?</li></ul><p>WBD has been the topic of several other reports. Needham &amp; Company LLC  reissued a &#34;hold&#34; rating on shares of Warner Bros. Discovery in a research note on Tuesday, June 10th. Barclays increased their target price on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock an &#34;equal weight&#34; rating in a research note on Wednesday, July 9th. Morgan Stanley increased their target price on shares of Warner Bros. Discovery from $10.00 to $13.00 and gave the stock an &#34;equal weight&#34; rating in a research note on Wednesday. Guggenheim  reissued a &#34;buy&#34; rating on shares of Warner Bros. Discovery in a research note on Tuesday, June 10th. Finally, Wells Fargo &amp; Company increased their target price on shares of Warner Bros. Discovery from $10.00 to $11.00 and gave the stock an &#34;equal weight&#34; rating in a research note on Wednesday, July 2nd. Twelve equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one  has assigned  a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $12.71.</p><div><p><span></span><span>Get <strong>Warner Bros. Discovery</strong> alerts:</span></p></div><p><b>Check Out Our Latest Research Report on Warner Bros. Discovery</b></p><h2>Warner Bros. Discovery Stock Down 4.7%</h2><ul><li>Disney: The Compelling Case for Buying Now Before They Scale Up</li></ul><p>Shares of WBD stock traded down $0.55 during trading hours on Friday, reaching $11.31. 9,268,742 shares of the company's stock were exchanged, compared to its average volume of 46,681,309. The stock's 50 day moving average is $11.50 and its 200-day moving average is $10.32. The company has a market cap of $27.76 billion, a price-to-earnings ratio of -2.58 and a beta of 1.57. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.99. Warner Bros. Discovery has a fifty-two week low of $6.64 and a fifty-two week high of $13.86. </p><p>Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.79. Warner Bros. Discovery had a negative net margin of 28.16% and a negative return on equity of 30.56%. The firm had revenue of $9.81 billion for the quarter, compared to analyst estimates of $9.73 billion. During the same period in the previous year, the company earned ($4.07) earnings per share. The business's quarterly revenue was up 1.0% compared to the same quarter last year.  Analysts predict that  Warner Bros. Discovery will post -4.33 earnings per share for the current fiscal year. </p><h2>Institutional Investors Weigh In On Warner Bros. Discovery</h2><ul><li>Can Disney’s Entertainment Division Overtake Its Theme Parks?</li></ul><p>Several institutional investors have recently modified their holdings of WBD. Brighton Jones LLC lifted its position in shares of  Warner Bros. Discovery by 304.9% during the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company's stock worth $729,000 after purchasing an additional 51,920 shares during the last quarter.  Federated Hermes Inc. lifted its position in shares of  Warner Bros. Discovery by 5.2% during the 4th quarter. Federated Hermes Inc. now owns 32,118 shares of the company's stock worth $339,000 after purchasing an additional 1,598 shares during the last quarter.  FMR LLC raised its stake in  Warner Bros. Discovery by 478.5% during the 4th quarter. FMR LLC now owns 14,278,600 shares of the company's stock worth $150,925,000 after acquiring an additional 11,810,191 shares in the last quarter.  Cerity Partners LLC raised its stake in  Warner Bros. Discovery by 17.2% during the 4th quarter. Cerity Partners LLC now owns 246,205 shares of the company's stock worth $2,602,000 after acquiring an additional 36,101 shares in the last quarter.  Finally, Bank of Nova Scotia raised its stake in  Warner Bros. Discovery by 3.5% during the 4th quarter. Bank of Nova Scotia now owns 301,335 shares of the company's stock worth $3,185,000 after acquiring an additional 10,315 shares in the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors. </p><h2>About Warner Bros. Discovery</h2> (Get Free Report)<p>Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.</p><h2>Read More</h2><ul><li>Five stocks we like better than Warner Bros. Discovery</li><li>The 3 Best Blue-Chip Stocks to Buy Now</li><li>Why Axon's 16% Surge Signals a New Era in Public Safety Tech</li><li>Election Stocks: How Elections Affect the Stock Market</li><li>DraftKings Posts Record Quarter, Eyes Profitability</li><li>Stock Sentiment Analysis: How it Works</li><li>Amazon Takes an Equity Stake in IonQ—Any Upside Potential?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V0JE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V0JE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Warner Bros. Discovery Right Now?</h2><p>Before you consider Warner Bros. Discovery, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Warner Bros. Discovery wasn't on the list.</p><p>While Warner Bros. Discovery currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>KeyCorp has reduced its price target for Warner Bros. Discovery (NASDAQ:WBD) from $18.00 to $16.00 while maintaining an "overweight" rating. This new target suggests a potential upside of 41.51% from the current price of $11.31. Other analysts have varied opinions, with some maintaining hold ratings and others increasing their target prices. The stock has seen a decline of 4.7% recently, and the company reported earnings of $0.63 per share, exceeding estimates. Institutional investors have also been active in modifying their holdings in WBD.</p>

KeyCorp Cuts Warner Bros. Discovery (NASDAQ:WBD) Price Target to $16.00