JP Morgan has decided to maintain its Overweight rating of News NWSA and raise its price target from $27.00 to $28.00.
Shares of News are trading down 1.76% over the last 24 hours, at $20.39 per share.
A move to $28.00 would account for a 37.29% increase from the current share price.
About News
News Corporation is a diversified media conglomerate with significant presence in the U.S, the U.K., and Australia. Key brands include The Wall Street Journal, Herald Sun, and The Times. The company also has a strong presence in the Australian pay-TV market through Fox Sports and Foxtel (both 65%-owned), while its 61%-owned REA Group is the dominant real estate classified business in Australia. In addition, it owns HarperCollins, one of the largest book publishers in the world, and also has a substantial digital property advertising business (Move) in the U.S.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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