Discovery Communications Announces Pricing of Senior Notes
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UBS Remains Sidelined as Discovery Communications (DISCA) Sees Continued Ad Growth
March 9, 2016 8:47 AM ESTUBS maintained a Neutral rating on Discovery Communications (NASDAQ: DISCA), and cut the price target to $31.00 (from $32.00). Management recently noted the strength of the national TV ad market is pushing 1Q16 U.S. ad growth to mid-to-high single digits. Also, UBS continues to see strong 2Q scatter buying, where DISCA has more exposure than in prior quarters this TV season. Still,... More
