Investing.com -- Seaport Research Partners downgraded Warner Bros Discovery to Neutral from Buy, arguing that a prolonged delay to its proposed acquisition by Paramount Skydance reduces the attractiveness of the stock despite potential upside if the transaction is ultimately completed. The brokerage noted that while delaying the merger may avoid near-term injunction risks, it also postpones integration efforts and the realization of expected synergies. Separately, Seaport lowered its financial forecasts for Warner Bros Discovery, citing the weaker-than-expected performance of Supergirl, which generated only about $124 million at the global box office and failed to cover production costs, let alone marketing expenses. Reflecting those concerns, Seaport cut its second-quarter 2026 revenue estimate by $236 million to $9.07 billion and reduced adjusted EBITDA by $219 million to $1.83 billion. Related articlesSeaport downgrades Warner Bros Discovery as merger delay clouds upsideASML and U.S. chip stocks sink on report of China's DUV breakthroughSpaceX bears should 'consider cryogenic hibernation' on ship catch: Morgan Stanley