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Fly News Breaks for August 29, 2017
SNI, DISCA
Aug 29, 2017 | 07:07 EDT
Loop Capital analyst David Miller predicts Discovery (DISCA) shares will be range-bound until the company's deal to acquire Scripps Networks (SNI) closes in the first half of 2018. He lowered his price target on Discovery to $25 from $29 to realign his view of the stock's multiple with Viacom (VIAB) and AMC Networks (AMCX) and keeps a Hold rating on Discovery shares.
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