Barrington Research Downgrades Discovery Communications (DISCA) to Market Perform; Valuation Call

Barrington Research downgraded Discovery Communications (NASDAQ: DISCA) to Market Perform.

Analyst, James C. Goss, said, "DISCA has enjoyed a strong run so far this year, with its performance among the best in our media group. This performance enabled the stock to achieve our 2012-based target price objectives. Consequently, we are reducing our rating on the stock despite our continued confidence in its above-average growth prospects."

"We continue to view Discovery Communications as exceptionally well positioned and successful among all cable channel providers both domestically and internationally. We continue to believe in this story and expect its momentum to persist. This rating change is a valuation decision. DISCA achieved our $54 target before a slight dip as earnings were announced."

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 $51.39 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat
• SanDisk upgraded at JPMorgan after investor day; shares climb