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entertainment media/telecom

Discovery’s Stock Price Jumps Nearly 17% on Friday

By
Sahil Patel
· · Source: The Information

Shares in Discovery soared on Friday and it has Bank of America to thank. The company’s stock is up nearly 17% for the day after Bank of America analyst Jessica Reif Ehrlich issued a report saying Discovery’s planned acquisition of WarnerMedia has “the potential to be a dynamic global media company” that can rival Netflix and Disney+, according to reports. The analyst lifted her price target for...

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