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Analyst lifts Discovery to 'buy'

Pivotal Research Group analyst Brian Wieser lifted Discovery Inc.'s rating to "buy" from "hold."

"While there are many legitimate concerns about the company's strategic position vs. its peers and around the industry in which it operates, at current trading levels upside potential is too significant to ignore," Wieser said in a June 4 note.

He raised the price target on the company's stock to $28, on a year-end 2018 basis, from $24.