Citigroup Increases Price Target on Dow Jones (DJ)

May 24, 2007 1:15 PM EDT
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Price: $1.35 -5.59%

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Citigroup increases price target on Dow Jones & Company Inc (NYSE: DJ) to $55.

Citigroup analyst says, "Our price target is $55 (prev. $37) and is based on a decision-tree analysis
of potential outcomes. We assign a 65% probability to an accepted offer at $65, and a 35% probability of a rejected offer and the stock returning to its pre-announcement price of $36. Computing the weighted average of these probabilities leads to our $55 target price."

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