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MDP

Meredith

$53.39

-0.82 (-1.51%)

09:33
02/04/19
02/04
09:33
02/04/19
09:33

Meredith board raises annual dividend 5.5% to $2.30 per share

The Meredith Corporation Board of Directors on February 2, 2019, approved a 5.5% increase in its regular stock dividend to $2.30 per share on an annualized basis, an increase of 12c per share. The next quarterly dividend will be 57.5c and is payable on March 15, 2019, to shareholders of record on February 28, 2019.

MDP Meredith
$53.39

-0.82 (-1.51%)

09/11/18
SBSH
09/11/18
NO CHANGE
Target $61
SBSH
Buy
Meredith shares could reach $99 if EBITDA target is hit, says Citi
Citi analyst Jason Bazinet raised his price target for Meredith shares to $61 from $56 and keeps a Buy rating on the name. Management continues to expect $1B in EBITDA in fiscal 2020, but most investors do not believe this can be achieved, Bazinet tells investors in a research note titled "You Don't Need to Believe in $1B of FY20 EBITDA to be Bullish." Short interest in the name is near record levels and sell-side consensus expectations call for just $746M of fiscal 2020 EBITDA, the analyst points out. Bazinet "only" expects $777M in in 2020 EBITDA. However, the analyst believes that even with his "more muted" EBITDA estimates, Meredith's equity could reach $61 per share. And, if Meredith achieves its $1B target, the equity could reach $99 per share, Bazinet writes. The stock closed yesterday up 50c to $51.40.
12/07/18
WOLF
12/07/18
INITIATION
Target $67
WOLF
Peer Perform
Meredith initiated with a Peer Perform at Wolfe Research
Wolfe Research initiated Meredith with a Peer Perform and $67 price target.
12/17/18
BNCH
12/17/18
NO CHANGE
Target $70
BNCH
Buy
Meredith on track to meet 2019 and 2020 goals, says Benchmark
Benchmark analyst Daniel Kurnos said Meredith's 2019 and 2020 financial goals continue to be met with significant investor skepticism, but he believes the company is on track to meet both. The balance sheet continues to improve and synergies are likely ahead of schedule and expectations, added Kurnos, who reiterates a Buy rating and $70 price target on Meredith shares.
01/03/19
BNCH
01/03/19
NO CHANGE
BNCH
Activision, Canopy Growth among Best Ideas for first half of 2019 at Benchmark
Benchmark analysts selected their Best Ideas for the first half of 2019, naming 16 stocks, including: Activision Blizzard (ATVI), BioTelemetry (BEAT), Biofrontera (BFRA), Ctrip (CTRP), Huazhu Group (HTHT), II-VI (IIVI), Intevac (IVAC), LHC Group (LHCG), Meredith (MDP), Marvell (MRVL), NeoGenomics (NEO), Pegasystems (PEGA), Silicon Labs (SLAB), Varonis (VRNS), Canopy Growth (CGC) and Waitr Holdings (WTRH).

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