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Fly News Breaks for April 13, 2015
SNI
Apr 13, 2015 | 16:15 EDT
As previously reported, Piper Jaffray downgraded Scripps Networks downgraded to Neutral from Overweight as it views the company as the most exposed to softer Upfront advertising commitments and a shift to digital advertising among the media stocks the firm covers. The firm expects Scripps’ ad revenue growth to slow and lowered its price target on the stock to $73 from $88.
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