UBS Downgrades Scripps Networks (SNI) To Neutral

Symbols: SNI
Tags: UBS
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UBS downgraded Scripps Networks (NYSE: SNI) from “buy” to “neutral.” The target price for SNI has been reduced from $52 to $41.

UBS believes that the valuation of SNI is unattractive and the company will incur higher near-term costs.

SNI fell 1.99% to $38.47 in pre-market trading.


 
 
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