Barclays resumes coverage of WBD and Paramount Sky
Barclays resumed coverage of Warner Bros. Discovery (WBD) and Paramount Sky (PSKY), flagging execution risks tied to the proposed $110 billion merger. Barclays lists WBD at an Equal Weight rating with a $29 price target and assigns PSKY an Underweight rating.
Paramount Sky (PSKY) and Warner Bros. Discovery (WBD) are in focus on Thursday after Barclays resumed coverage of both stocks, while highlighting execution risks tied to the proposed $110 billion merger. Barclays has an ‘Equal Weight’ rating on WBD and a $29 price target, while assigning PSKY an ‘Underweight’ rating.