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In a report published Tuesday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on News Corp.
NWSA, and raised the price target from $32.00 to $37.00.
In the report, Poole noted, “Maintain Top Pick / Buy. We see upside to shares driven by (1) the fastest LT growth prospects among the majors; (2) healthy buyback (5% of FY13E shares); and (3) valuation upside from splitting off Publishing (June 2013) and mgmt cleaning-up minorities.”
News Corp. closed on Monday at $30.40.
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