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UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on DIRECTV

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In a report published Monday, Deutsche Bank reiterated its Buy rating on DIRECTV (NASDAQ: DTV), and raised its price target from $55.00 to $57.00.

Deutsche Bank noted, “Reaffirm Buy - DTV benefits from its higher-end customer base, leading brand, advantaged distribution and exposure to fast-growing LatAm (25% of '12 EBITDA growing 21% '13E). Enhanced by its leading equity shrink (4% of shr/qtr), we expect a 25% FCF/share '13-'16 CAGR. Our new $57 target implies 13% upside.”

DIRECTV closed on Friday at $50.35.

Latest Ratings for DTV

DateFirmActionFromTo
Feb 2015Brean CapitalDowngradesBuyHold
Feb 2015Buckingham ResearchDowngradesBuyNeutral
Dec 2014CitigroupMaintainsNeutral

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View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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