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Fly News Breaks for April 3, 2019
DISCA
Apr 3, 2019 | 06:41 EDT
JPMorgan analyst Alexia Quadrani reiterates an Overweight rating on Discovery following announcements this week with the BBC, which include the creation of a global factual streaming service in a content partnership and the break-up of UKTV. The analyst finds the stock "particularly attractive at current levels with several catalysts ahead." These include a "deleveraging story," which opens the doorway for a potential share buyback, the likely inclusion on YouTube's live TV service, and improving ratings at the flagship Discovery Channel that should be positive for domestic advertising, Quadrani tells investors in a research note.
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