Evercore ISI analyst Kutgun Maral raised the firm’s price target on New York Times (NYT) to $75 from $69 and keeps an Outperform rating on the shares. The firm notes the company’s quarter had strong net adds, ad revenue, and free cash flow despite cost pressures, the analyst tells investors.
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Read More on NYT:
- New York Times price target raised to $74 from $71 at JPMorgan
- New York Times price target lowered to $77 from $81 at Citi
- New York Times price target raised to $63 from $57 at Guggenheim
- New York Times reports Q4 adjusted EPS 89c, consensus 88c
- New York Times sees Q1 total subscription revenues up 9%-11%