Thomson Reuters expects higher 2018 costs, shares drop

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News Corp. (NWSA) PT Raised to $18.60 at Deutsche Bank

May 11, 2018 8:13 AM EDT

Deutsche Bank raised its price target on News Corp. (NASDAQ: NWSA) to $18.60 (from $18.00) while maintaining a Buy rating.

Analyst Entcho Raykovski commented, "News Corp's 3Q18 results were largely in line with our estimates, with EBITDA of $182m (DBe $182m, Cons $181m). Whilst the... More