BUZZ-Warner Bros Discovery up; Benchmark raises PT

Reuters

昨天

** Shares of Warner Bros Discovery WBD.O up 3.4% at $21.02 in early trading

** Brokerage firm Benchmark raises target price to $25 from $18

** Brokerage increases PT after WBD board initiated a strategic review

** WBD board rejected a nearly $60 bln offer from Paramount Skydance PSKY.O on Tuesday - Reuters report, citing source

** 12 of 27 brokerages covering the stock recommend a rating of "buy" or higher, while others recommend "hold"; stock has a median PT of $20 - LSEG

** Up to its last close, the stock has nearly doubled YTD

(Reporting by Arnav Mishra in Bengaluru)

((Arnav.Mishra@thomsonreuters.com;))

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