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Fly News Breaks for September 23, 2019
DISCA
Sep 23, 2019 | 16:20 EDT
Wells Fargo analyst Steven Cahall started Discovery with an Outperform rating and $35 price target. The current media ecosystem favors companies that fully own their content, aren't in a contentious place with the distribution community, and have "ample" free cash flow, Cahall tells investors in a research note. He believes Discovery is "proving more resilient" on linear and well positioned for digital.
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