News Corporation (NWS) Stock tip

Submitted by Craig Strzelecki on Mon, 15/05/2006 - 09:36.

Macquarie Research Equities (MRE) has maintained their outperform recommendation on the News Corporation (NWS) stock with 12-month share price target of $30.00 – approximately a 20% premium to at current levels. "The positive momentum in NWS's earnings will continue to be driven by: (a) Sky Italia, (b) Cable Programming (particularly from Fox News), (c) DirecTV, and (d) online earnings growth. Outperform recommendation maintained." News Corporation (NewsCorp) is listed on the Australian Stock Exchange (ASX) under stock code NWS. Check your charts!

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