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Fly News Breaks for July 20, 2017
DISCA, SNI
Jul 20, 2017 | 07:48 EDT
Wells Fargo analyst Marci Ryvicker started Scripps Networks (SNI) with a Market Perform rating and $82 price target. The analyst does not believe Discovery (DISCA) is the right merger partner, but feels reports of merger talks highlight how strong Scripps' position is in the ecosystem. The analyst, however, does not see enough upside to warrant an Outperform rating.
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