One Reason Why Scripps Networks (SNI) Stock Closed Up Today
NEW YORK (TheStreet) -- Shares of Scripps Networks Interactive (SNI) closed higher by 1.12% to $66.63 on Wednesday as Stifel upgraded the stock to "buy" from "hold," the Fly reports.
The firm has a $75 price target on shares of the Knoxville, TN-based company.
Stifel expects Scripps to benefit from stronger-than-expected domestic advertising trends and affiliate fee growth that will exceed the average of peers, the Fly notes.
The company's brands include HGTV, Food Network, Travel Channel, DIY Network and Cooking Channel.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins.
The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SNI