Barclays says Warner Bros. upside depends on recapitalization
From Yahoo Finance: 2025-06-10 09:55:00
Warner Bros. Discovery announced a split into two entities, causing $37B of gross debt and $5B of off balance sheet debt. Analysts predict neither entity can absorb this debt without increased leverage. Barclays believes valuation upside depends on future recapitalization rather than the split announcement. The company maintains an Equal Weight rating with a $9 price target.
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