Pivotal Research Starts Discovery Communications (DISCA) at Hold; Lot to Like, But Already Priced In
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Price: $24.43 --0%
Rating Summary:
12 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
12 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Pivotal Research initiates coverage on Discovery Communications (NASDAQ: DISCA) with a Hold. PT $58.00.
Analyst, Brian Wieser, said, "We have a favorable view of Discovery given the strong brands associated with the company’s core networks, its demonstrated ability to outperform its peers in growing its advertising base, a high degree of exposure to faster-growing international markets, and durably high overall operating margins. However, we believe current trading levels offer limited upside to investors. Our stock price target is $58.00, reflecting equity value of $20.5 billion. This is 6% higher than last week’s closing price of $54.84."
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 $54.84 yesterday.
Analyst, Brian Wieser, said, "We have a favorable view of Discovery given the strong brands associated with the company’s core networks, its demonstrated ability to outperform its peers in growing its advertising base, a high degree of exposure to faster-growing international markets, and durably high overall operating margins. However, we believe current trading levels offer limited upside to investors. Our stock price target is $58.00, reflecting equity value of $20.5 billion. This is 6% higher than last week’s closing price of $54.84."
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 $54.84 yesterday.
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