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Fly News Breaks for October 10, 2018
DISCA
Oct 10, 2018 | 06:45 EDT
JPMorgan analyst Alexia Quadrani raised her price target for Discovery to $38 ahead of the company's Q3 results and keeps an Overweight rating on the shares. The analyst now forecasts 2019 domestic affiliate growth of 5.6% year-over-year versus 3.5% prior. This accounts for recent carriage deals with Hulu and Sling in addition to a step-up in rates with Dish following the renewal, Quadrani tells investors in a research note. She believes Discovery emerged from the Scripps acquisition with greater scale and a more attractive valuation.
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