Canaccord Genuity Maintains a 'Hold' on Scripps Networks Interactive (SNI); Guidance May Be Conservative
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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: 10 | New: 13
Rating Summary:
3 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 13
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Canaccord Genuity maintains a 'Hold' on Scripps Networks Interactive (NYSE: SNI) price target of $53.00.
Analyst, Thomas Eagan, said, "SNI jumped 7.5% Thursday as higher than expected ad revenue helped fuel 11% Lifestyle revenue gains. Compounding the results, the company indicted that scatter pricing was up high-teens to low twenties over last year. That said, company segment profit (or AOCF) grew just 5.3% due to higher programming costs. We maintain our rating because we believe the more significant multiple expansion will occur in late 2012 and early 2013 given timing of improved fundamentals."
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 $54.53 yesterday.
Analyst, Thomas Eagan, said, "SNI jumped 7.5% Thursday as higher than expected ad revenue helped fuel 11% Lifestyle revenue gains. Compounding the results, the company indicted that scatter pricing was up high-teens to low twenties over last year. That said, company segment profit (or AOCF) grew just 5.3% due to higher programming costs. We maintain our rating because we believe the more significant multiple expansion will occur in late 2012 and early 2013 given timing of improved fundamentals."
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 $54.53 yesterday.
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