Televisa price target lowered to $11 from $12 at Benchmark

Benchmark analyst Matthew Harrison lowered the firm’s price target on Televisa (TV) to $11 from $12 and keeps a Buy rating on the shares. The firm notes “continued multi-bagger upside” to the adjusted price target which it contends is “showcasing the market’s apparent chronic undervaluation of the top global Spanish media and Mexican broadband entrant.”