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Fly News Breaks for October 10, 2018
DISCA
Oct 10, 2018 | 07:15 EDT
As previously reported, Credit Suisse analyst Doug Mitchelson upgraded Discovery to Outperform from Neutral and raised his price target on the shares to $40 from $30. The analyst says he has reviewed the company's Nielsen ratings trends in detail, discussed the company's ad execution with industry contacts and recalibrated distribution trends leading to an increase in his U.S. revenue forecast and increased confidence in his above-Street EBITDA estimates.
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