UPDATE: ISI Group Initiates Coverage on Discovery Communications on Long Growth Runway, Premium Valuation

In a report published Wednesday, ISI Group analyst Vijay Jayant initiated coverage on Discovery Communications (NASDAQ: DISCA ) with a Neutral rating and $87.00 price target. In the report, ISI Group noted, “We are initiating coverage of Discovery Communications (DISCA/K) shares with a Neutral rating (for the “A” shares) and