BofA upgrades Discovery to buy, says stock could rise 75% as Warner deal closes

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Jesse Pound@/in/jesse-pound@jesserpound
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AT&T logo is seen on a smartphone in front of displayed Discovery and Warner Media logos. May 17, 2021.
Dado Ruvic | Reuters

The pending combination of Discovery and Warner Media could create a top media company and a windfall for investors, according to Bank of America.