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Fly News Breaks for July 14, 2017
NWSA
Jul 14, 2017 | 07:12 EDT
Rosenblatt analyst Alan Gould initiated News Corp with a Buy and a $17 price target saying he has increased confidence the company will report annual EBITDA growth. Digital Real Estate EBITDA is now growing quicker than News and Information Services is declining, the analyst wrote. Gould now sees EBITDA and operating income growth of 4% and 10% compounded rates, while revenues remain flat due to the mix shift towards digital real estate, which has higher margins.
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