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UPDATE: BTIG Downgrades News Corp. on Stocks Exceeding PT

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In a report published on Wednesday, BTIG analyst Richard Greenfield downgraded News Corp. (NASDAQ: NWS) and News Corp. (NASDAQ: NWSA) from Buy to Neutral and removed the price targets on the companies.

In the report, BTIG stated, "We are downgrading NWSA and NWS shares to Neutral from BUY, as the stock has exceeded our $30 target price...We will be separately evaluating in more detail the investment opportunity for the post-split companies 21st Century Fox and New News Corp. over the coming weeks."

News Corp. (NASDAQ: NWS) closed on Tuesday at $31.38 and News Corp. (NASDAQ: NWSA) closed on Tuesday at $31.56.

Latest Ratings for NWSA

DateFirmActionFromTo
May 2014Credit SuisseUpgradesNeutralOutperform
Dec 2013S&P CapitalDowngradesBuyHold
Nov 2013FBR CapitalInitiates Coverage onMarket Perform

View More Analyst Ratings for NWSA
View the Latest Analyst Ratings

Posted-In: btig Richard GreenfieldAnalyst Color Downgrades Analyst Ratings

 

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