Analysis: Europe plan makes Discovery Communications a buy

|About: Discovery Communications,... (DISCA)|By:, SA News Editor

Discovery Communications (DISCA) is on the right path with its aggressive European M&A strategy, according to Sanford Bernstein analyst Todd Juenger.

The take is a deviation from some of the criticism heaped on Discovery for its pricey purchases on the continent.

Juenger is on board for the long haul, calling Discovery a "fantastic buying opportunity" and backing his price target of $98 on the stock.