New York Times price target raised to $45 from $40 at Barclays

Barclays analyst Kannan Venkateshwar raised the firm’s price target on New York Times to $45 from $40 and keeps an Equal Weight rating on the shares. The key highlight of the quarter for New York Times was better than expected average revenue per user and digital subscriber trends and next quarter revenue growth guidance also coming in better, the analyst tells investors in a research note.