- In an initiation of coverage on the media sector, Loop Capital is bullish on several firms that happen to be involved in M&A speculation, and more cautious on a pair of companies with questions: News Corp. (NWS +1%, NWSA +1.2%) and Viacom (VIA -1.7%, VIAB -1.2%).
- It initiated those two firms at Hold, with price targets of $17 for NWSA (vs. current price of $16.61) and $33 for VIAB (vs. current $32.42).
- Meanwhile, it's got new Buy ratings on two companies involved in a bid for Sky: Disney (DIS +0.5%), for which it set a price target of $130, implying 25% upside; and Fox (FOXA +0.7%), where its price target is $43, implying 15% upside.
- It's also Buy-rated on Time Warner (TWX -0.1%; price target of $107.50 implying 11% upside); CBS (CBS +0.6%; price target of $75 implying 46% upside); and Lions Gate (LGF.A +0.1%; price target of $36 implying 26% upside).