Scripps Networks shares hits new 52-week high

Scripps Networks Interactive

Scripps Networks Interactive headerquarters in Knoxville.

UPDATE: SNI ends Monday trading at $66.89, a new closing high.

Shares of Scripps Networks Interactive hit a new 52 -week high
on Monday, trading at $67.19 by mid afternoon.

It’s previous high was $66.41.

Also Monday, RBC Capital Markets raised its price target for
the Knoxville-based lifestyle media company to $68, up from $66.

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RBC analyst David Bank wrote in a note to investors he “continues
to like shares of Scripps Networks given its longer-term growth profile, and he
rates the stock outperform,” according to Investors’s Business Daily.

Scripps Networks stable of cable channels includes HGTV, Food
Network, Travel Channel, DIY Network and Great American Country.

Click here for more from The Street

Click here for more from Investor’s Business Daily.

Photo: Scripps Networks Interactive headquarters in West Knoxville.

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