Warner Bros. Discovery stands to gain from a potential acquisition by Netflix , according to Wells Fargo. The bank stood by its equal-weight rating on the entertainment and media stock, but lifted its price target about 8%, to $14 per share from $13. The updated forecast implies upside of nearly 12% from Warner Bros.' Wednesday close. Shares of Warner Bros. have jumped 19% this year. The stock was trading 4% higher early Thursday. WBD YTD mountain WBD YTD chart As a catalyst, Wells Fargo analysts led by Steven Cahall see potential buyers interested in Warner Bros. Discovery's streaming and studios business after its separation from the networks side of the company. Cahall stressed that entertainment studios have tended to consolidate over time and that is likely to continue. "This will be
Warner Bros. Discovery could see a surprising buyer: Wells Fargo

99