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UPDATE: Topeka Initiates Coverage on Discovery Communications

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In a report published Friday, Topeka Capital Markets analyst David Miller initiated coverage on Discovery Communications (NASDAQ: DISCA) with a Buy rating, establishing a $94.00 price target.

According to the report,

“DISCA is the almost-perfect blend between offense and defense in a still-questionable, albeit improving global macro backdrop,” the report noted. “The company's scaled international footprint, easily the most penetrated of any U.S.-based media company, allows for evergreen content to be leveraged across multiple platforms and, being all non-fiction based, is universal in appeal.”

DISCA closed Thursday at $80.08.

Posted-In: David Miller Topeka Capital MarketsAnalyst Color Price Target Initiation Analyst Ratings

 

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