UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on News Corporation
In a report published Monday, Deutsche Bank reiterated its Buy rating on News Corporation (NASDAQ: NWSA), and raised its price target from $26.00 to $29.00.
Deutsche Bank noted, “Reaffirm Buy. We see 16% upside to shares driven by (1) the fastest LT growth prospects among the conglomerates; (2) a sizeable buyback (6% of shares out in FY13E); and (3) valuation upside from splitting off Publishing (spring 2013) and mgmt cleaning-up minorities. Buy.”
News Corporation closed on Friday at $24.95.
Latest Ratings for NWSA
|May 2014||Credit Suisse||Upgrades||Neutral||Outperform|
|Dec 2013||S&P Capital||Downgrades||Buy||Hold|
|Nov 2013||FBR Capital||Initiates Coverage on||Market Perform|
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