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Fly News Breaks for July 20, 2017
SNI, DISCA
Jul 20, 2017 | 07:45 EDT
Wells Fargo analyst Marci Ryvicker started Discovery Communications (DISCA) with a Market Perform rating and $28 price target. The analyst does not believe a combination with Scripps Networks (SNI) makes sense. As a standalone, he views the company's fundamentals as "just okay," point out its domestic cable business is mature and is growing slower than some media peers.
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