Piper Jaffray Reiterates Overweight and PT of $55 on Scripps Networks Interactive

Piper Jaffray reiterated its Overweight rating on Scripps Networks Interactive SNI. At the same time, Piper Jaffray left its price target on the company's stock unchanged at $55. In a research report published today, Piper Jaffray states, "We maintain our Overweight rating and $55 price target. Our 5-year DCF yields a price target of $55 using a 7.1% WACC and terminal EBITDA multiple of 7.0x." On Tuesday, Scripps added 0.5% to its value to close the day at $50.43.