Discovery Upgraded to Buy at Bank of America on WarnerMedia Deal

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By Dan Weil The Discovery-Warner combination has a chance to be the “most dynamic global media company,” Bank of America says. Discovery (DISCA) – Get Discovery, Inc. Class A Report on Friday was upgraded to buy from neutral at Bank of America, based on optimism about the TV titan’s merger plan with WarnerMedia, now owned by AT&T (T) – Get AT&T Inc. Report. With the combination of highly complementary assets, Warner Bros. Discovery will have the potential to “create a global media powerhouse driven by creative and content leadership,” analyst Jessica Reif Ehrlich wrote in a commentary. “Warner…

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