Warner Brothers Discovery (WBD) has an "asymmetric upside," says Wells Fargo. Alex Coffey and Jenny Horne discuss WBD as it has upgraded to overweight from equal weight by Wells Fargo and the price target was raised to $20 from $13. They also talk about how the Wells Fargo analyst notes that WBD's free cash flow will limit to the downside. Alex then demonstrates an example trade using WBD. The trade type is buying a call and the direction is bullish. Tune in to find out more about the stock market today.
17 Mar 2023