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Fly News Breaks for March 12, 2018
DISCA
Mar 12, 2018 | 04:46 EDT
Barclays analyst Kannan Venkateshwar upgraded Discovery Inc. to Equal Weight and raised his price target for the shares to $23 from $18. The analyst sees downside support at current valuation levels. The new Discovery's free cash flow yield at 15.5% is higher than even local broadcasters which face bigger challenges, Venkateshwar tells investors in a research note.
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