BofA analyst David Plaus initiated coverage of New York Times (NYT) with a Neutral rating and $84 price target Following an over decade-long transformation, The New York Times has reshaped into a diversified subscription business with visible revenue growth and optionality across product categories with a long-term trajectory that is “solid,” the analyst tells investors. However, the stock is up over 65% in the past year and the firm sees valuation constraining near-term upside, the analyst added.
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