Focus Media Holding Limited (FMCN) Tops Q3 EPS by 1c; Guides Light Q4 Sales

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Go back to Focus Media Holding Limited (FMCN) Tops Q3 EPS by 1c; Guides Light Q4 Sales

Deutsche Bank Lowers PT on Focus Media (FMCN) as Privatization Deal Looms

November 28, 2012 1:43 PM EST

Deutsche Bank maintained a Buy rating on Focus Media Holding (NASDAQ: FMCN) with a modified price target of $27.00 (from $36.68).

"We, reset our target price from our DCF-based fair value to the privatization offer price of US$27/share announced by a consortium led... More