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UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on News Corporation

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Earnings Scheduled For November 9, 2017
Extra! Extra! Tronc Takes Over Gritty New York Daily News For $1

In a report published Monday, Deutsche Bank reiterated its Buy rating on News Corporation (NASDAQ: NWSA), and raised its price target from $26.00 to $29.00.

Deutsche Bank noted, “Reaffirm Buy. We see 16% upside to shares driven by (1) the fastest LT growth prospects among the conglomerates; (2) a sizeable buyback (6% of shares out in FY13E); and (3) valuation upside from splitting off Publishing (spring 2013) and mgmt cleaning-up minorities. Buy.”

News Corporation closed on Friday at $24.95.

Latest Ratings for NWSA

DateFirmActionFromTo
Jul 2017RosenblattInitiates Coverage OnBuy
Nov 2016CLSADowngradesBuyOutperform
May 2016CLSADowngradesBuyOutperform

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Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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