APP Left Out of SPX, MCD Target Trim, WBD Splitting in Two

Applovin (APP) got some analyst love this morning after Morgan Stanley bumped up its price target on the stock. However, as Diane King Hall explains, the company still traded lower at the open when it was left out of joining the SPX. Morgan Stanley also slightly lowered its price target on McDonald's (MCD), noting the fast food giant has moved closer to a "fair value." Diane turns to the entertainment space as Warner Bros. Discovery (WBD) rallied with plans to split into two companies.

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