UPDATE: Citi Raises PT on DIRECTV to $48

Citi is out with its report today on DIRECTV DTV, raising its PT from $43 to $48. In its report, Citi writes, "Given the revised growth profile of DTV, stronger than we had anticipated earlier, we are raising our target multiple from 11.0x to 12.0x. This results in our revised target price of $48." Goldman Sachs maintains Neutral on DTV. At the time of posting, shares of DTV were trading at $47.43, down 0.42% from Thursday's close.