Raymond James downgraded WBD from Outperform to Underperform on Feb 27, 2026. The move is the main shift in the latest coverage and comes amid deal uncertainty. The WBD analyst rating change signals growing concern about transaction dynamics and near-term earnings pressure. Investors should note this is one firm’s view and a data point in a wider analyst mix.

Downgrade details: WBD analyst rating change

Raymond James issued the downgrade on Feb 27, 2026, moving the stock from Outperform → Underperform. The firm published its note through StreetInsider the same day source.

The filing recorded Price at Time: N/A and Price Change Since: 0.0% ($0.0) in the StreetInsider summary. This formal change is now part of the public analyst record.

Raymond James rationale and timing

Raymond James cited deal dynamics and near-term earnings risks in its downgrade, flagging how potential transactions could pressure cash flow and leverage. The firm moved before markets fully digested recent asset-sale headlines and competitive bidding.

Analyst notes referenced by market outlets describe disappointing EPS trends and uncertainty linked to strategic options for content assets source.

Market reaction and stock performance after the downgrade

Market response to the Raymond James downgrade was muted in the immediate summary reports, with StreetInsider showing no price movement at the time of the note. The company’s market cap stands at $69,847,140,001.

Related trading in the media sector has seen sharper moves elsewhere, such as peers reacting to bidding developments, which can amplify volatility in Warner Bros. Discovery stock.

Price targets and analyst landscape for WBD price target discussion

Raymond James did not publish a fresh price target in the downgrade note. Other firms remain active: TD Cowen recently kept a Hold rating and a $26.00 price target, according to market summaries source.

Investors should track multiple price targets because firm-by-firm valuations vary with assumptions about content monetization and asset sales.

Investor implications and Meyka grade

A downgrade to Underperform signals that Raymond James expects relative underperformance versus peers and benchmarks, at least near term. Investors may treat this as a cautionary signal to re-evaluate risk exposure and time horizon.

Meyka AI rates WBD with a grade of B. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and we are not financial advisors.

Historical analyst coverage of Warner Bros. Discovery, Inc. analyst rating trends

Analyst sentiment for Warner Bros. Discovery has oscillated with streaming subscriber trends, advertising cycles, and asset-sale speculation. Firms previously issued Buy/Outperform ratings when content monetization looked stronger and Hold/Underperform when leverage or deal risk rose.

The Raymond James downgrade is the latest pivot in that pattern and adds a near-term negative tilt to consensus positioning.

Final Thoughts

Raymond James downgraded WBD to Underperform on Feb 27, 2026, shifting one notable voice in the analyst mix. The WBD analyst rating change highlights concern about deal dynamics and short-term earnings. Market reaction was limited in the immediate reports, and Raymond James did not list a new price target in the public summary.

For investors, the downgrade is a prompt to reassess exposure and scenario assumptions. Compare firm views and price targets, including TD Cowen’s $26.00 target, and monitor transaction developments that could change valuations. Remember that Meyka AI rates WBD with a grade of B, which balances current sector performance, growth prospects, and analyst consensus. These grades are informational only and not financial advice.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.