Credit Suisse Upgrades News Corp (NWSA)
Credit Suisse reported on Monday that it has upgraded media company, News Corp (NWSA).
The firm has raised its rating on NWSA from “Neutral” to “Outperform,” and has given the company a $36 price target. This price target suggests a 15% increase from the stock’s current price of $30.51.
Analysts have upgraded the company based on its ability to see higher cable growth and margin expansion.
News Corp shares were mostly flat during premarket trading Monday. The stock has increased 55% in the past year.
The Bottom Line
Shares of News Corp (NWSA) have a 0.56% yield, based on Thursday’s closing price of $30.51.
News Corp (NWSA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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