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Discovery Equity Research Initiates Coverage on WRIT Media Group, Inc. With Initial Target Price of $1.50
Discovery Equity Research Initiates Coverage on WRIT Media Group, Inc. With Initial Target Price of $1.50.
About this update from Writ Media Group, Inc.
[{"type":"text","content":"\n\n\n\nDiscovery Equity Research Initiates Coverage on WRIT Media Group, Inc. With Initial Target Price of $1.50\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nDiscovery Equity Research Initiates Coverage on WRIT Media Group, Inc. With Initial Target Price of $1.50\nPR Newswire\nLOS ANGELES, May 22, 2017\n\n\n\nLOS ANGELES, May 22, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (OTCQB: WRIT) announced today that Discovery Research initiated coverage on the Company with an initial target price of $1.50 per share. In the report, the analyst writes, \"With WRIT, the upside potential to downside risk may be as much as 15 to 1 in the next 18 months and it appears that the probability of success becomes greater simply by the increase in the number of users which is already occurring without much marketing spend. This drafting of the increases in other digital currencies is a nice positive that could put wind in the sails of the stock. With a triggering event in the near term, WRIT could move to $1.65 quickly. If WRIT progresses as expected from that point, it might only take until the second half of 2018 before the stock achieves meaningful value recognition. That specific timeframe was chosen to conservatively allow the company some leeway in achieving more users, validation of its Blockchain technology with a major partner, and launching its currency exchange.\"\n\nThe full Discovery Research report is available and can be read by following the link below: www.otcmarkets.com/financialReportViewer?symbol=WRIT&id=172667 \n\nDiscovery Research Disclosure: Discovery Research LLC has been paid for this research report and/or may be long WRIT common stock or other security of the Company. Should the Company dilute its shareholders meaningfully, fail to see a validation in its Blockchain technology, fail to sign on with major financial partners to accept the currency, fail to receive required funding in the future, fail to launch CrypFXPro exchange, or fail to increase the number of wallets/users, the Company may struggle, and our price target, which depends on one or ...