MRE: News Corporation (NWS) Recommendation

Submitted by Craig Strzelecki on Thu, 04/05/2006 - 09:48.

News Corporation is set to report their quarter profit result on 11 May (Australian time). Macquarie Research Equities (MRE) believes that "NWS may deliver a positive surprise to the market with further capital management initiatives and the delivery of strong earnings per share growth of around 27%". MRE has maintained their outperform recommendation for News Corp (NWS) with a share price target of $27.30 - about 14 per cent upside on the current share price. News Corporation is listed on the Australian Stock Exchange (ASX) under stock code NWS. Check your charts.

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