Needham & Company Raises PT on Scripps Networks (SNI), Maintains Buy

Needham & Company reiterated a Buy rating on Scripps Networks Interactive (NYSE: SNI) and increased their price target to $74.00 (from $62.00).

"We are raising our Target Price for SNI to $74, from $62, to reflect our expectations for strong growth in FY13 of revenue of $2.48B (up 7% y/y) and EPS from Operations of $3.77 (up 12% y/y)," said analyst Laura Martin.

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 $61.25 yesterday.

---

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

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Apollo Hospitals (APLH:IN) PT Raised to INR8,500 at ICICI Securities
• Travel Food Services (TRAVELFO:IN) PT Raised to INR1,600 at ICICI Securities