UPDATE: Nomura Initiates Coverage on Scripps Networks Interactive
January 15, 2014 at 09:43 AM EST
In a report published Wednesday, Nomura analyst Anthony DiClemente initiated coverage on Scripps Networks Interactive (NYSE: SNI ) with a Neutral rating, establishing a $85.00 price target. According to the report, SNI benefits from a well-managed collection of lifestyle genre brands – TV brands which clearly have fundamental strategic