5 Market Movers to Watch on Thursday

3. Warner Bros. Discovery, Inc. (NASDAQ:WBD) has rocketed 4.81% as of 11:44 AM ET after the stock of the recently merged New York-based mass media and entertainment company was upgraded from a Market Perform to an Outperform rating by Doug Creutz at Cowen. However, the analyst revised his price target on Warner Bros. Discovery, Inc. (NASDAQ:WBD) from $31 to $25. The price target still reflects a potential upside of over 44.4% from the last closing price. Creutz thinks that Warner Bros. Discovery, Inc.’s (NASDAQ:WBD) strategy of not trying to win the direct-to-consumer spending war reflects a more sustainable approach compared to its peers. However, he remains cautious about the “highly competitive” streaming landscape.