Deutsche Bank Positive on News Corp (NWSA) Possible Spin-Off
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Price: $33.09 +0.67%
Rating Summary:
19 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
19 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade NWSA Now!
Deutsche Bank made positive comments on Buy-rated News Corp. (NASDAQ: NWSA) on the pending split-up.
The firm comments, "We see 22% upside to our $26 target driven by (1) the fastest growth prospects among the majors; (2) mgmt cleaning-up minorities and aggressively returning capital; (3) it is the cheapest entertainment stock; and (4) stock repurchases are disproportionately accretive (using excess cash rather than raising debt and its stock is cheaper). A spin-off of Publishing, which mgmt indicated they are considering, would also be a meaningful positive, in our view."
For an analyst ratings summary and ratings history on News Corp. click here. For more ratings news on News Corp. click here.
Shares of News Corp. closed at $21.76 yesterday, with a 52 week range of $13.38-$21.89.
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The firm comments, "We see 22% upside to our $26 target driven by (1) the fastest growth prospects among the majors; (2) mgmt cleaning-up minorities and aggressively returning capital; (3) it is the cheapest entertainment stock; and (4) stock repurchases are disproportionately accretive (using excess cash rather than raising debt and its stock is cheaper). A spin-off of Publishing, which mgmt indicated they are considering, would also be a meaningful positive, in our view."
For an analyst ratings summary and ratings history on News Corp. click here. For more ratings news on News Corp. click here.
Shares of News Corp. closed at $21.76 yesterday, with a 52 week range of $13.38-$21.89.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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