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Fly News Breaks for November 7, 2019
NYT
Nov 7, 2019 | 07:41 EDT
JPMorgan analyst Alexia Quadrani views yesterday's post-earnings selloff in shares of New York Times as a "great buying opportunity." The stock closed Wednesday down 4% to $30.69. New York Times reported another strong quarter, with upside to subscriber growth and other results roughly in line with expectations, Quadrani tells investors in research note. She believes the pullback in shares following the release is temporary and keeps an Overweight rating on the name with a $37 price target. The company's subscriber growth has consistently exceeded expectations, and management reiterated their conviction in hitting the 10M target by 2025, says Quadrani.
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