Warner Bros' Debt Downgrade Is An 'Ironically Positive' Event: Analyst
1. Bank of America analyst maintains a Buy rating on WBD, forecasting $14. 2. S&P downgrade is seen as 'ironically positive', boosting strategic flexibility. 3. WBD's reorganization focuses on profitability and shareholder value enhancement. 4. Upcoming catalysts include advertising recovery and growth in direct-to-consumer. 5. Analyst projects 2025 revenues of $38.2 billion and EPS of $1.63.