Earnings statements from DMGT, Johnston Press and Trinity Mirror this month dared to report the advertising drop-off was actually slower in April. Looks like the City analysts have taken note – Goldman Sachs has raised its stock price targets on a host of European media companies (Reuters reports), including…
— Trinity Mirror: up to 88p from 31p (rating neutral)
— DMGT: up to 346p from 257p (rating neutral)
— Johnston Press: lifted from sell to neutral
— ITV: lifted from sell to buy
— Informa: up to 364p from 256.76p (rating buy)
— Reed Elseiver: up to 734p from 622p (rating buy)
— Pearson: up to 767p from 652p (but rating sell)
— Yell: up to 60p from 22.2p (rating neutral)
— WPP: up to 693p from 478p (rating buy)
— Publicis: up to