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Brokers – Mixed scenario for media firms

Brokers

Sky had its target price cut by Berenberg

UK broadcaster ITV PLC (LON:ITV) has had its price target downgraded by Credit Suisse to 200p from 255p.

On the contrary, Liberum, which released a bullish report on free-to-air broadcasters today, repeated the stock as its ‘top buy’ recommendation, as well as reiterating its price target of 375p.

In the note, the broker also repeated its ‘buy’ recommendation and target price of 580p for Scottish broadcaster STV Group PLC (LON:STVG).

Elsewhere on the media front, Liberum reiterated its ‘buy’ recommendation and 275p share price target for newspaper and magazine publisher Trinity Mirror PLC (LON:TNI).

Berenberg has cut its share price target for TV, internet and telephone services firm Sky PLC (LON:SKY) to 730p from 784p.

Pizza firm Domino’s Pizza Group PLC (LON:DOM) has had its share price target slashed by Berenberg to 400p from 1200p, although the bank still repeated its buy recommendation for the stock.

Oil and gas explorer Tullow Oil plc (LON:TLW) has been downgraded by Cantor Fitzgerald to ‘sell’ from ‘hold’, with the broker also reducing its target price to 163p from its previous 253p.

On to the small caps, and Northland Capital Partners has repeated its ‘speculative buy’ rating for Premier African Minerals Ltd (LON:PREM).

Paul

The author Paul