Goldman Sachs Reiterates Buy Rating, Top Pick on Warner Brothers Discovery (WBD) into earnings

Goldman Sachs analyst Brett Feldman on Warner Brothers Discovery (NASDAQ: WBD).

"While we expect investors to continue to debate the long-term outlook for traditional media companies, we see the risk/reward skew for WBD as most attractive vs. its peer group with key execution catalysts (merger milestones, max relaunch, improved franchise management) largely within management's control. We have not materially changed our estimates and maintain our Buy rating and 12-month price target of $19 (~39% upside potential)."

For an analyst ratings summary and ratings history on Warner Brothers Discovery click here. For more ratings news on Warner Brothers Discovery click here.

Shares of Warner Brothers Discovery closed at $13.58 yesterday.

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