NWS - Deutsche Bank rates the stock as Buy
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First quarter results were ahead of forecasts. Deutsche Bank observes the news and information services division revealed an uplift in margin, driven by cost reductions and modest revenue growth.
The broker suspects the cost benefit will be weighted to the first quarter and makes only modest changes to full year estimates. Target is raised to $23.85 from $23.50 and a Buy rating is retained.
Target price is $23.85.Current Price is $19.70. Difference: $4.15 - (brackets indicate current price is over target). If NWS meets the Deutsche Bank target it will return approximately 17% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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