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Fly News Breaks for April 2, 2018
DISCA
Apr 2, 2018 | 05:04 EDT
Wells Fargo analyst Marci Ryvicker upgraded Discovery to Outperform and raised her price target for the shares to $27 from $25. The analyst believes the stock offers a "compelling" risk/reward profile at current share levels. Following a deep dive into the Discovery/Scripps combination, the analyst does not believe the channels will be dropped by distributors or by advertisers, which she thinks is the biggest concern for investors.
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