New York Times price target raised to $69 from $66 at Deutsche Bank

Deutsche Bank analyst Benjamin Soff raised the firm’s price target on New York Times (NYT) to $69 from $66 and keeps a Buy rating on the shares. The company signed its first major artificial intelligence licensing agreement with Amazon, the analyst tells investors in a research note. The firm believes the agreement is a “significant milestone” for New York Times and should create meaningful value for shareholders.