Pivotal Research Downgrades Discovery Communications (DISCA) to Sell

Pivotal Research analyst Brian Wieser downgraded Discovery Communications (NASDAQ: DISCA) from Hold to Sell with a price target of $26.00.

The analyst is incrementally more negative noting that fundamentals at the company have not meaningfully changed in a way to justify the recent equity strength. He highlights "tepid earnings" along with "underwhelming" LT trends.

For an analyst ratings summary and ratings history on Discovery Communications click here. For more ratings news on Discovery Communications click here.

Shares of Discovery Communications closed at $31.62 yesterday.

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