Newly-formed streaming giant Warner Bros. Discovery (WBD) officially began trading on the Nasdaq (^IXIC) on Monday, opening at $24.08 a share in its first day as a publicly-traded entity.
Ahead of the company’s Wall Street debut, Evercore ISI Group upgraded the stock from In-line to Outperform, announcing a $40 price target.
The $43 billion merger, which closed on Friday, solidifies Discovery CEO David Zaslav’s position as the company’s new chief. WarnerMedia CEO Jason Kilar departed upon the…
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