BUZZ - Warner Bros. Discovery stock falls as Argus downgrades its rating to "Sell"

September 29 - ** Argus Research has downgraded Warner Bros. Discovery (WBD.O) to "Sell"

** Warner Bros. Discovery (WBD) shares slipped slightly in pre-market trading to $30.86

** The brokerage stated that the spread between the WBD share price and Paramount Skydance's PSKY.O acquisition offer of $31 per share has essentially disappeared

** Recent settlements in multiple states' Attorney General antitrust lawsuits (link) have removed hurdles for PSKY's acquisition, leaving little upside for WBD, according to the brokerage

** The average rating from 21 analysts is "Hold"; the median price target is $31—data compiled by LSEG

** As of the previous trading day's close, the stock is up about 7% year-to-date

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