Disney (DIS) and Scripps Networks (SNI), Match Made in Family-Friendly Heaven?
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Price: $90.04 --0%
Rating Summary:
3 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 13 | New: 16
Rating Summary:
3 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 13 | New: 16
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Scripps Networks Interactive, Inc. (NYSE: SNI), a media company that owns the DIY Network, the Food Network, and the Cooking Channel, among others, might be the perfect acquisition target for Walt Disney Co. (NYSE: DIS). At least, Citigroup analyst Jason Bazinet thinks so.
Scripps Networks would fill in a gap in Disney’s portfolio for upscale, older women. It would also help to diversify Disney’s cable portfolio. Disney and Scripps have a long collaboration history, and Disney has used M&A to fill strategic gaps in the past, notes Bazinet, so an acquisition isn’t out of the question.
Citigroup has Neutral ratings on Walt Disney Co. (NYSE: DIS) and Scripps Networks Interactive, Inc. (NYSE: SNI) with price targets of $50 and $59 respectively.
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 $59.94 yesterday.
Scripps Networks would fill in a gap in Disney’s portfolio for upscale, older women. It would also help to diversify Disney’s cable portfolio. Disney and Scripps have a long collaboration history, and Disney has used M&A to fill strategic gaps in the past, notes Bazinet, so an acquisition isn’t out of the question.
Citigroup has Neutral ratings on Walt Disney Co. (NYSE: DIS) and Scripps Networks Interactive, Inc. (NYSE: SNI) with price targets of $50 and $59 respectively.
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 $59.94 yesterday.
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