UBS analyst Doug Mitchelson noted that at Discovery's inaugural analyst day, the company guided to a 2015-2018 adjusted earnings CAGR pace of "not quite teens percentage" growth, which was below the firm's and the Street consensus 17% CAGR expectation for that timeframe. In addition to long-term guidance coming in below street expectations, no unrecognized growth opportunities came to light at the meeting and management didn't make a specific commitment regarding share repurchases, Mitchelson tells investors. The analyst keeps a Neutral rating and $33 price target on Discovery shares.