Deutsche Bank Starts Meredith Corp (MDP) at Hold; Tomorrow's Bright Shiny New Thing
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Price: $59.07 --0%
Rating Summary:
4 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank initiates coverage on Meredith Corp (NYSE: MDP) with a Hold. PT $27.00.
Deutsche analyst says, "We are initiating with a Hold rating primarily due to our cautious view of near-term magazine advertising, particularly in food, but are otherwise guardedly enthusiastic about a number of potential strategic alternatives to unlock value from Meredith's strong national consumer brands, the tablet opportunity, and capital deployment."
For more ratings news on Meredith Corp click here and for the rating history of Meredith Corp click here.
Shares of Meredith Corp closed at $23.51 yesterday.
Deutsche analyst says, "We are initiating with a Hold rating primarily due to our cautious view of near-term magazine advertising, particularly in food, but are otherwise guardedly enthusiastic about a number of potential strategic alternatives to unlock value from Meredith's strong national consumer brands, the tablet opportunity, and capital deployment."
For more ratings news on Meredith Corp click here and for the rating history of Meredith Corp click here.
Shares of Meredith Corp closed at $23.51 yesterday.
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