Warner Bros. Discovery price target cut by BofA team

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Bank of America Securities cut its price target on media corporation Warner Bros. Discovery (WBD) from $14 to $12 per share, maintaining its Buy rating on the streaming giant. Josh Lipton and Julie Hyman review the analyst note from the BofA Securities team communicating uncertainty in WBD's greater streaming strategy.

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This post was written by Luke Carberry Mogan.