UPDATE: Topeka Initiates Coverage on Discovery Communications
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.
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