NWS – Deutsche Bank rates the stock as Buy

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Deutsche Bank updates forecasts to take into account the merger of Foxtel/Fox Sports and the new ownership structure where News Corp is a 65% shareholder.

Changes to estimates reflect the Foxtel consolidation, with higher costs resulting in substantial reductions to earnings forecasts. Buy rating and $24 target maintained.

Sector: Media.

Target price is $24.00.Current Price is $22.44. Difference: $1.56 – (brackets indicate current price is over target). If NWS meets the Deutsche Bank target it will return approximately 7% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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