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BTIG Downgrades Viacom And Discovery Communications

Wednesday, June 25, 2014 10:41 AM

In blog post published Wednesday, BTIG analyst Richard Greenfield downgraded shares of Viacom (NASDAQ:VIAB) and Discovery Communications (NASDAQ:DISCA) and removed his price target on both companies.

Greenfield updated his model and provided the following EPS estimates:

  • Viacom EPS: 2014E: $5.46 and 2015E $6.35 (consensus $5.50 and $6.35)
  • Discovery EPS: 2014E $3.57 and 2015E $4.29 (consensus $3.61 and $4.41

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This article was written by Eric Niederer from Benzinga and was legally licensed through the NewsCred publisher network.