Barclays Reiterates an 'Overweight' on DIRECTV (DTV); Three Legs To Stand On

Barclays reiterates an 'Overweight' on DIRECTV (NASDAQ: DTV) price target of $56.00.

Analyst, Ja mes M. Ratcliffe, said, "We believe that all three pillars of the DTV story (robust Latam top-line and cash flow growth, healthy US cash flow growth even in a zero-sum environment, and aggressive capital returns) remain intact, and we continue to be bullish on DTV shares."

Barclays raises FY12 EPS estimate from $4.48 to $4.76, but cuts FY13 from $5.88 to $5.43.

For an analyst ratings summary and ratings history on DIRECTV click here. For more ratings news on DIRECTV click here.

Shares of DIRECTV closed at $45.38 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• BMO Capital Resumes Global Net Lease (GNL), Upgrades to Outperform
• Palo Alto Networks (PANW) PT Raised to $475 at Wells Fargo
• BTIG Starts ADT (ADT) at Neutral