Soleil Securities Upgrades News Corp (NWS.A) to Buy
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Soleil Securities upgrades News Corp (NYSE: NWS.A) from Hold to Buy. Price target increased from $10 to $11.
Soleil analyst says, "We believe that F09 earnings estimates are finally low enough, as NWS has been the most candidly aggressive about lowering estimates repeatedly for the current fiscal year. Share prices lead fundamentals by 1-2 quarters in the media space. In every recession since 1990, NWS has reported the highest volatility of any media stock to the downside and to the upside off the bottom."
To see more analyst ratings on NWS Click Here.
News Corporation is a diversified entertainment company with operations in eight industry segments, including Filmed Entertainment, Television, Cable Network Programming, Direct Broadcast Satellite Television, Magazines and Inserts, Newspapers and Information Services, Book Publishing and Other.
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