UPDATE: Deutsche Bank Raises PT to $26 on News Corp; Organic Growth Prospects

Deutsche Bank raises its price target from $24 to $26 on Buy-rated News Corp NWSA on a series of catalysts. Deutsche Bank comments, "NWSa has become the most compelling value opportunity in our coverage via the combination of: (1) fastest organic growth prospects among the majors; (2) mgmt changes have prompted minorities clean-up and aggressive return of capital; (3) by far the cheapest entertainment stock; and (4) stock repurchases are disproportionately accretive (using excess cash rather than raising debt and its stock is cheaper). 35% upside to new $26 target." NWSA closed at $19.01 on Friday.