WarnerMedia Deal Will Hold Back Discovery’s Stock, MoffettNathanson Says In Downgrade

0 95

Discovery took a big swing in striking a deal with AT&T to merge with WarnerMedia, but shareholders will have to wait a while to see if the result is a home run, according to MoffettNathanson.

Analyst Robert Fishman downgraded the stock to neutral from buy, saying in a note to clients that the combination with HBO’s parent company lowers Discovery’s upside in the near term. Shares of the company have dropped nearly 12% since the deal was announced last week.



Related Posts

Chinese Estate Share Soared High After China Evergrande…

Semiconductor Chip Shortage Will Affect Automotive Industry…

Leave A Reply

Your email address will not be published.

%d bloggers like this: