New York Times price target raised to $62 from $59 at Morgan Stanley

Morgan Stanley raised the firm’s price target on New York Times (NYT) to $62 from $59 and keeps an Equal Weight rating on the shares. The firm’s outlook for low-to-mid teens digital subscription revenue growth in the second half is unchanged, but it raised its adjusted EBITDA estimates by about 3% in FY26/27 on higher advertising forecasts, the analyst tells investors in a post-earnings note.