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Fly News Breaks for May 3, 2019
DISCA
May 3, 2019 | 06:49 EDT
JPMorgan analyst Alexia Quadrani says yesterday's post-earnings selloff in shares of Discovery creates a "great entry point." Better advertising growth drove the Q1 beat and Discovery reiterated an "upbeat outlook" and announced a $1B share repurchase authorization, Quadrani tells investors in a research note. She finds the stock "compelling" and keeps an Overweight rating on the name with a $37 price target.
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