Market Overview

UPDATE: Goldman Sachs Reiterates Neutral Rating, Lowers PT on DIRECTV on Positive 4Q Trends

Related DTV
#PreMarket Primer: Friday, November 7: Boehner Reveals Intentions To Modify Obamacare
Dow, S&P 500 Close Yet Again At Record Highs Ahead Of Friday's Employment Report
Energy Sector Seen as Biggest Risk to Deal Flow in 2015 (Fox Business)

In a report published Friday, Goldman Sachs reiterated its Neutral rating on DIRECTV (NASDAQ: DTV), but lowered its price target from $60.00 to $56.00.

Goldman Sachs noted, “4Q results were constructive, with healthy high single-digit revenue/EBITDA growth that exceeded expectations and strong subscriber metrics across both segments, led by lower US churn and record LatAm net adds. In addition, DTV announced a $4 bn buyback which we believe was at the high-end of recent street expectations. Furthermore, the company had already flagged programming cost growth of high-single digits in 2013, eliminating a key risk that faces Cable peers.”

DIRECTV closed on Thursday at $50.21.

Latest Ratings for DTV

DateFirmActionFromTo
Dec 2014CitigroupMaintainsNeutral
Sep 2014Canaccord GenuityInitiates Coverage onHold
Aug 2014UBSMaintainsNeutral

View More Analyst Ratings for DTV
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings

 

Related Articles (DTV)

Around the Web, We're Loving...

Get Benzinga's Newsletters