UPDATE: Pivotal Research Group Downgrades Discovery Communications Ahead of Quarterly Earnings
July 15, 2013 at 11:26 AM EDT
In a report published Monday, Pivotal Research Group analyst Brian Wieser downgraded Discovery Communications (NASDAQ: DISCA ) from Hold to Sell, and lowered the price target from $73.00 to $70.00. In the report, Pivotal Research Group noted, “We are updating our Discovery Communications model ahead of quarterly earnings and downgrading our