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Benzinga
Benzinga
Business
Akanksha Bakshi

RARE PHOTOS: Warner bros discovery bidding war unlikely as analysts doubt takeover - The Real Truth

Warner Bros. Discovery

KeyBanc's Brandon Nispel downgraded Warner Bros. Discovery (NASDAQ: WBD) to Sector Weight, arguing that takeover speculation has inflated shares beyond fundamentals.

He sees a 50% chance no deal happens and the stock falls back to $12, a 40% chance of a $25 Paramount Skydance (NASDAQ: PSKY) offer, and only a 10% chance of a bidding war lifting shares to $40—leaving the risk/reward neutral.

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