The New York Times Co. (NYT): Cutting 3Q Estimates - Jefferies

September 28, 2016 7:12 AM EDT
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Price: $11.50 -0.43%

Rating Summary:
    1 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 26 | Down: 29 | New: 38
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Jefferies analyst John Janedis, reiterated his Hold rating on shares of New York Times (NYSE: NYT) after he cut 3Q print ad growth ests to -17% from -14% as his proprietary NYT Ad Lineage tracker indicated that the Q/Sept. finished on a weak note. The analyst expects 3Q advertising to come in below guidance, with risk to 4Q given the current assumption that print advertising will improve to -8%.

No change to the price target of $13.00.

For an analyst ratings summary and ratings history on New York Times click here. For more ratings news on New York Times click here.

Shares of New York Times closed at $12.30 yesterday.

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