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Fly News Breaks for August 10, 2016
SNI
Aug 10, 2016 | 21:06 EDT
Evercore ISI analyst David Joyce downgraded Scripps Networks to Hold saying Q4 should be a return to moderate segment growth and expects affiliate fees will continue to face headwinds over the next 3 or 4 quarters. The analyst maintained his $68 price target on Scripps Networks and said he would be constructive again when the growth outlook appears more robust, supported by 2017's outcome of distributor negotiations that can return affiliate fee revenue to growth
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