02:30 PM EDT, 10/21/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We have a Hold rating. On October 21, the share price was up on news that WBD is open to selling the company or following its planned separation into two business units: film/streaming and broadcast/cable assets by mid-2026. Going forward, the board of directors will release a definitive deal. There are a number of potential acquirers cited by media sources from the movies & entertainment industry and broader social media/technology industries. We have noted that $35B in total debt outstanding will be a heavy burden for any acquirer. We think debt leverage is likely to put some ceiling on any expected purchase price or bids for WBD franchise assets. Our $21 target price is unchanged and applies a forward TEV/EBITDA of 9.4x our 2026 EBITDA estimate at $8.7 billion compared to the three- and five-year historical averages of 11.8x and 10.3x, respectively. Our EPS estimates are unchanged at $0.10 in 2025 and $0.35 in 2026. WBD will host an earnings conference call on November 6 before the equity market opens.