UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on DIRECTV
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
|Feb 2015||Brean Capital||Downgrades||Buy||Hold|
|Feb 2015||Buckingham Research||Downgrades||Buy||Neutral|
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