In Thursday’s Analysts’ Actions, bullish calls for media companies CBS (CBS) and Discovery Communications (DISCA), but not the case for Keurig Green Mountain (GMCR). Pivotal Research Group upgraded CBS to BUY from HOLD today. Analysts said its second quarter earnings, reported yesterday, were in line with expectations. In the latest quarter, fees from its TV network affiliated stations increased by 40 percent. Analysts maintained their price target at $58. Similarly, the firm also lifted Discovery Communications’ rating to BUY from HOLD. Analysts said its second quarter earnings results beat estimates on the bottom line. Additionally, Discovery’s recent deal with Comcast (CMCSA) to carry 12 of its networks is expected to boost revenue. However, they lowered their price target to $34 from $35. In another analyst note, Keurig Green Mountain had its ratings cut to HOLD from BUY by analysts at Canaccord Genuity. The firm also slashed its price target to $65 from $120. K-cup growth has stopped making progress and its away-from-home share is at risk, according to analysts. TheStreet’s U-Jin Lee reports from New York.
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