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Fly News Breaks for June 26, 2017
DISCA, SNI, FOXA
Jun 26, 2017 | 06:57 EDT
Citi analyst Jason Bazinet calls 21st Century Fox's (FOXA) valuation discount to peers like Scripps Networks (SNI) and Discovery (DISCA) "odd." Fox is both structurally better positioned than peers and has less advertising exposure, Bazinet tells investors in a research note. He believes 2018 consensus estimates for the company are "fairly achievable" and keeps a Buy rating on the shares.
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