News Corp. price target raised to $37 from $28 at Loop Capital

Loop Capital analyst Alan Gould raised the firm’s price target on News Corp. to $37 from $28 and keeps a Buy rating on the shares. The company’s Dow Jones, digital real estate divisions and book publishing divisions are all projected to grow EBITDA at a double-digit rate over the next five years, the analyst tells investors in a research note. The stock has advanced 53% over the past 12 months, but its valuation remains attractive, selling at 6-times estimated EBITDA, the firm added.