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Discovery Communications (DISCA) Stock Closes Up on RBC Capital's Optimism

NEW YORK (TheStreet) -- Discovery Communications (DISCA - Get Report) shares closed Friday's trading session up 0.93% to $28.17 after RBC Capital Markets began coverage of the stock with a bullish outlook.

The firm, which gave the company an "outperform" rating with a $35 price target, said that Discovery is one of the media companies that has earnings growth potential.

Even though investors have been worried about the cord-cutting trends, it appears that this is "far more benign than feared," and leaders should see growth ahead from better monetization, cash...


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