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DISCA

Discovery

$22.38

-0.17 (-0.75%)

, SNI

Scripps Networks

$85.38

-0.1 (-0.12%)

15:05
01/02/18
01/02
15:05
01/02/18
15:05

Barrington upgrades Discovery with $30 target into Scripps deal

Barrington analyst James Goss upgraded Discovery Communications (DISCA) to Outperform from Market Perform with a $30 price target. The "depressed stock price in recent years" does not reflect the value that can be created by the Scripps Networks (SNI) acquisition, Goss tells investors in a research note.

DISCA

Discovery

$22.38

-0.17 (-0.75%)

SNI

Scripps Networks

$85.38

-0.1 (-0.12%)

  • 08

    Jan

  • 09

    Jan

DISCA Discovery
$22.38

-0.17 (-0.75%)

12/21/17
BOFA
12/21/17
UPGRADE
Target $30
BOFA
Buy
Discovery upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Jessica Reif Cohen upgraded Discovery Communications (DISCA) to Buy and increased its price target to $30 from $26 saying shares are pricing in a significant amount of uncertainty and little benefit from the pending Scripps Networks (SNI) acquisition. Cohen believes the deal yields substantial synergies and deleveraging potential and views risk/reward as favorable.
01/02/18
MACQ
01/02/18
UPGRADE
Target $26
MACQ
Outperform
Discovery upgraded to Outperform from Neutral at Macquarie
Macquarie analyst Tim Nollen upgraded Discovery (DISCA) to Outperform with a $26 price target saying the Scripps merger offers targeted content that is viewed live, with significant cost synergies and opportunities to leverage OTT distribution in Europe. Further, the analyst believes Discovery will become a player in further industry consolidation in the US or Europe, or a seller.
01/02/18
01/02/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. L Brands (LB) upgraded to Outperform from Neutral at Baird with analyst Mark Altschwagern saying he believes the company is on track to meet or exceed December comparable sales and fourth quarter expectations. 2. Lennar (LEN) upgraded to Outperform from Market Perform at Wells Fargo with analyst Stephen East citing his post-tax reform earnings per share estimate but without the CalAtlantic (CAA) acquisition included. 3. Disney (DIS), Netflix (NFLX), AMC Networks (AMCX), and Discovery (DISCA) were upgraded to Outperform from Neutral at Macquarie. 4. Abbott (ABT) was upgraded to Overweight from Equal Weight at Morgan Stanley and to Overweight from Neutral at JPMorgan. 5. Baxter (BAX) was upgraded to Buy from Neutral at BofA/Merrill and to Overweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/02/18
BRRR
01/02/18
UPGRADE
BRRR
Outperform
Discovery upgraded to Outperform from Market Perform at Barrington
SNI Scripps Networks
$85.38

-0.1 (-0.12%)

08/17/17
RBCM
08/17/17
NO CHANGE
RBCM
Discovery shares undervalued, says RBC Capital
RBC Capital analyst Steven Cahall says that Discovery's (DISCA) shares are undervalued after the company agreed to buy Scripps Networks (SNI) and Discovery's shares subsequently fell 16%. The analyst says that investors are overlooking the deal's "significant financial benefits," including pro-forma adjusted OIBDA synergies of 8%-9% and rapid cash generation by both companies. He cut his price target on the stock to $29 from $32 and keeps an Outperform rating on the shares.
08/29/17
LOOP
08/29/17
NO CHANGE
Target $25
LOOP
Hold
Discovery to be range-bound until Scripps deal closes, says Loop Capital
Loop Capital analyst David Miller predicts Discovery (DISCA) shares will be range-bound until the company's deal to acquire Scripps Networks (SNI) closes in the first half of 2018. He lowered his price target on Discovery to $25 from $29 to realign his view of the stock's multiple with Viacom (VIAB) and AMC Networks (AMCX) and keeps a Hold rating on Discovery shares.
09/05/17
WELS
09/05/17
UPGRADE
Target $116
WELS
Outperform
Disney upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Marci Ryvicker upgraded Disney (DIS) to Outperform and raised her price target for the shares to $116 from $109. The owner of ESPN and ABC closed Friday up 31c to $101.50. Concerns over potential dilution from the BAMTech stake and the streaming apps are "widely overdone," Ryvicker tells investors in a research note where she also downgraded Viacom (VIAB). She expects the TV ecosystem will soon undergo on an accelerated push into over-the-top. As such, investors may need to start increasing exposure to media companies with solid streaming strategies, such as CBS (CBS), 21st Century Fox (FOXA), and Disney, and lessen exposure to those that do not, such as Viacom and Scripps Networks (SNI)/Discovery Communications (DISCA), Ryvicker argues. The analyst likes the current entry point for Disney shares.

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Iterum Therapeutics

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UPL

Ultra Petroleum

$1.90

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PBR

Petrobras

$12.77

-2.335 (-15.46%)

, EWZ

MSCI Brazil Index

$38.16

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ROST

Ross Stores

$82.95

0.35 (0.42%)

20:46
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BMRN

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$88.30

-0.2 (-0.23%)

20:41
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DECK

Deckers Brands

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FL

Foot Locker

$46.38

1.35 (3.00%)

, HIBB

Hibbett Sports

$28.95

0.6 (2.12%)

20:25
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Earnings
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FL

Foot Locker

$46.38

1.35 (3.00%)

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Hibbett Sports

$28.95

0.6 (2.12%)

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SNAP

Snap

$10.59

-0.045 (-0.42%)

20:06
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  • 07

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MDT

Medtronic

$86.94

1.65 (1.93%)

19:52
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MRK

Merck

$59.11

-0.05 (-0.08%)

, ESALY

Eisai

$0.00

(0.00%)

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MRK

Merck

$59.11

-0.05 (-0.08%)

ESALY

Eisai

$0.00

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MCD

McDonald's

$162.38

0.865 (0.54%)

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CNI

Canadian National

$83.75

-0.4 (-0.48%)

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Canadian National rating change at Deutsche Bank »

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EXR

Extra Space Storage

$95.10

1.335 (1.42%)

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EWP

MSCI Spain Index ETF

$32.38

-0.075 (-0.23%)

, FXE

Euro Currency Trust

$112.60

0.2 (0.18%)

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MSCI Spain Index ETF

$32.38

-0.075 (-0.23%)

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Euro Currency Trust

$112.60

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SSNLF

Samsung

$0.00

(0.00%)

, AAPL

Apple

$188.18

-0.18 (-0.10%)

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Apple

$188.18

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  • 10

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XOM

Exxon Mobil

$80.26

-1.88 (-2.29%)

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  • 30

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UAL

United Continental

$70.47

0.93 (1.34%)

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SPX

S&P 500

$0.00

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-0.5 (-0.18%)

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S&P 500

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EWY

iShares MSCI South Korea Index Fund

$73.49

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LMT

Lockheed Martin

$326.46

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GXP

Great Plains Energy

$32.77

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Westar Energy

$54.59

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UAL

United Continental

$70.47

0.93 (1.34%)

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KRNY

Kearny Financial

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-0.1 (-0.70%)

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YRD

Yirendai

$28.42

-0.33 (-1.15%)

18:02
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Earnings
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AAPL

Apple

$188.18

-0.18 (-0.10%)

, SSNLF

Samsung

$0.00

(0.00%)

17:59
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Periodicals
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Apple

$188.18

-0.18 (-0.10%)

SSNLF

Samsung

$0.00

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