Televisa price target raised to $9 from $7 at Benchmark

Benchmark raised the firm’s price target on Televisa (TV) to $9 from $7 and keeps a Buy rating on the shares. The firm’s raised price target is “admittedly more of a fair value assessment than a level that is likely to be nearly realized this year” and reflects cost progress evident in Mexico cable in the Q2 earnings release coupled with a sequential improvement in the current peso spot rate, the analyst tells investors.