0324 GMT - Investors are failing to appreciate the profitability and growth options at News Corp.'s Dow Jones unit, Morgan Stanley analysts say. They are especially enthused by the financial news and information provider's enterprise business. The MS analysts tell clients in a note that products, price rises, new customer wins, and M&A should all underpin continuing double-digit revenue growth, with Ebitda margins already at 40-50%. They think that Dow Jones, which will contribute about 40% of the group's Ebitda with News Corp's divestment of its stake in Foxtel, should be valued at 20-25 times Ebitda. Analysts currently have it at 12-15 times Ebitda, they add. MS stays overweight and trims its target price on News Corp.'s U.S.-listed stock by 2.6% to US$37.00. Shares closed 2.05% lower at US$29.58. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 23:24 ET (03:24 GMT)
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