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Scripps Networks (SNI) PT Lifted to $100 at Needham & Company on Industry Consolidation

December 16, 2013 8:14 AM EST Send to a Friend
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Price: $74.59 --0%

Rating Summary:
    3 Buy, 17 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 6 | New: 5
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Needham & Company analyst Laura Martin reiterated a Buy rating and raised her price target on Scripps Networks Interactive (NYSE: SNI) from $88 to $100 on industry consolidation.

"As distribution consolidation becomes more likely, so does content consolidation," Martin notes. "That is, we believe the growing likelihood that Time Warner Cable (NYSE: TWC) will be acquired also raises the likelihood that SNI could become a
key take-over target, owing to its small size, high quality cable networks (Food, Travel, Home & Garden), untapped international expansion, and affiliate fee upside."

For an analyst ratings summary and ratings history on Scripps Networks Interactive click here. For more ratings news on Scripps Networks Interactive click here.

Shares of Scripps Networks Interactive closed at $80.73 yesterday.

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