New York Times price target raised to $53 from $52 at Guggenheim

Guggenheim analyst Curry Baker raised the firm’s price target on New York Times (NYT) to $53 from $52 and keeps a Neutral rating on the shares after the company reported Q1 revenue and adjusted operating profit that beat the firm’s estimates. The firm’s revised FY25 AOP estimate of $509M is up from $495M previously, the analyst tells investors.