Make your money go further for just 25p per day

PREMIUM

Merrill Lynch slashes ITV price target

18/01/2019 · ITV PLC (ITV) 

Broker Views Media and Television

ITV logo on the side of a building

Merrill Lynch is pricing in all the challenges of the shifting TV industry without accounting for any of the potential growth. That's why we think the US bank is wrong to cut its price target for ITV


Analysts at Bank of America Merrill Lynch think the European market, “underappreciates the pace of decline in TV consumption and concurrent rise in online video”. That concern prompted them to slash their price target for ITV (LON: ITV) from 210p to 110p on Thursday sending the share price down 7%. But we think they underappreciate ITV’s strategy. This is not a company which is walking blindly into…

Continue reading our content…

Gain access to all our excellent content for just £90 per year, that’s just 25p per day for financial freedom.
  • Unlimited access to our market-beating portfolios
  • In-depth coverage of many of the world’s great companies
  • Unique insights from our top research team
Register FREE for access to limited content.
  • Company and markets insights
  • Sponsored content
  • Podcasts

Previous article Next article

Have your say

Log in or register to view or add comments.

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on ITV PLC

Income Boosters: 2022 portfolio review

06/01/2023 · Portfolio

Our high yield portfolio is on track to deliver a 5.9% dividend yield in 2023, substantially…


Income Boosters: earnings boost for FTSE 100 stalwart

11/11/2022 · Portfolio

Our dividend stocks are continuing to report robust performances despite the impact of inflation and slowing…


More Portfolio

Ultimate Stocks: a catwalk of quality

Powering a robotics revolution

25/01/2023 · Cognex

Can ChatGPT propel Microsoft to No 1?

23/01/2023 · Alphabet · Apple · Microsoft

Sign-up to our free email updates

SIGN UP