5 Hottest Stocks to Watch on Wednesday

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1. Warner Bros. Discovery, Inc. (NASDAQ:WBD) has risen 7.4% as of 11:52 AM ET after Jessica Reif Ehrlich at Bank of America commenced coverage on the newly formed New York-based company with a Buy rating. The analyst set a price target of $45 on Warner Bros. Discovery, Inc. (NASDAQ:WBD). The target price provides an upside potential of over 82% from the last closing price.

Warner Bros. Discovery, Inc. (NASDAQ:WBD) was established following the spin-off of Warner Bros from AT&T Inc. (NYSE:T) and its merger into Discovery. Jessica sees the merger as the creation of a ‘global media powerhouse’ that provides an attractive growth and deleveraging profile. The analyst anticipates that Warner Bros. Discovery, Inc. (NASDAQ:WBD) will see its EBITDA grow by a CAGR of more than 14% from 2022 to 2025.

You can also take a peek at the 10 Blue Chip Stocks in Warren Buffett’s Portfolio and 10 Stocks to Buy According to Canyon Capital Advisors.

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