S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Media

Goldman Sachs Upgrades U.S. Media Sector to Attractive (GS, DIS, LAMR, TWX, IMAX, VIAB)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Goldman Sachs
Wikimedia Commons
Citing solid growth and a surging demand in the need for professional content, Goldman Sachs Group Inc. (NYSE: GS) upgraded the U.S. media sector to Attractive from Neutral today. The bulge bracket brokerage firm is now anticipating a strong second half of the year in 2013 for advertising growth by the companies in their coverage universe. In addition, more social media opportunities also are on the horizon. The following companies were reiterated with Buy ratings:

The Walt Disney Co. (NYSE: DIS) closed Friday at $52.34. The street consensus is $56.

Lamar Advertising Co. (NASDAQ: LAMR). The stock closed Friday at $42 and the street target is $43.

Time Warner Inc. (NYSE: TWX) closed Friday at $49.93. The consensus target is $51.

IMAX Corp. (NYSE: IMAX). Off a Friday close of $23.38, the target is $27.50.

In addition to these names Goldman Sachs upgraded Viacom Inc. (NASDAQ: VIAB) to buy. Trading Friday at $57.88, it has a Thomson/First Call price target of $62.

The strength to this list is the diversity. There is a leading name from every sector of U.S. media.

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

Continue Reading

Top Analyst Upgrades and Downgrades: American Eagle, Baidu, GameStop, Halliburton, Mosaic, Regeneron, Salesforce, Take-Two, Wells Fargo and More
Lee Jackson |

Top Analyst Upgrades and Downgrades: American Eagle, Baidu, GameStop, Halliburton, Mosaic, Regeneron, Salesforce, Take-Two, Wells Fargo and More

Monday's top analyst upgrades and downgrades included American Eagle Outfitters, Baidu, GameStop, Halliburton, Mosaic, Regeneron Pharmaceuticals, Salesforce.com, Take-Two Interactive Software…
Wednesday’s Top Analyst Upgrades and Downgrades: Alphabet, Canopy Growth, Cinemark, Facebook, IMAX, Microsoft, Salesforce and More
Lee Jackson |

Wednesday’s Top Analyst Upgrades and Downgrades: Alphabet, Canopy Growth, Cinemark, Facebook, IMAX, Microsoft, Salesforce and More

Wednesday's top analyst upgrades and downgrades included Alphabet, Canopy Growth, Cinemark, Dick's Sporting Goods, Facebook, IMAX, Microsoft, Salesforce.com and SBA…
Jon C. Ogg |

Top Analyst Upgrades & Downgrades (AFFX, BUD, ACI, CREE, DDS, DLTR, FINL, AWAY, IMAX, ITT, LH, LIFE, MAR, P, PSX, DGX, RIMM, TIF, SPY)

Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Monday.…
Friday’s Top Analyst Upgrades and Downgrades: Allstate, Cisco, CSX, Meta Platforms, Nike, ON Semiconductor, Pinterest, SentinelOne, Zscaler and More
Lee Jackson |

Friday’s Top Analyst Upgrades and Downgrades: Allstate, Cisco, CSX, Meta Platforms, Nike, ON Semiconductor, Pinterest, SentinelOne, Zscaler and More

Friday's top analyst upgrades and downgrades included Allstate, Cisco Systems, CSX, FIGS, Meta Platforms, Nike, ON Semiconductor, Pinterest, SentinelOne and…
Top Analyst Upgrades and Downgrades: Airbnb, Charles Schwab, Energy Transfer, JetBlue, Snap, Southwest Air, SunPower and More
Lee Jackson |

Top Analyst Upgrades and Downgrades: Airbnb, Charles Schwab, Energy Transfer, JetBlue, Snap, Southwest Air, SunPower and More

Monday's top analyst upgrades and downgrades included Airbnb, Charles Schwab, Energy Transfer, JetBlue Airways, Phillips 66, Snap, Southwest Airlines, SunPower…
Top Analyst Upgrades and Downgrades: Altria, ConocoPhillips, First Data, Match Group, NXP Semiconductor, Seattle Genetics and More
Lee Jackson |

Top Analyst Upgrades and Downgrades: Altria, ConocoPhillips, First Data, Match Group, NXP Semiconductor, Seattle Genetics and More

Monday's s analysts upgrades and downgrades include Altria, Match Group, ConocoPhillips, Seattle Genetics, SunPower Corporation, and more.
Thursday’s Top Analyst Upgrades and Downgrades: Allstate, EOG Resources, Occidental Petroleum, Sunrun, Take-Two, Tilray and More
Lee Jackson |

Thursday’s Top Analyst Upgrades and Downgrades: Allstate, EOG Resources, Occidental Petroleum, Sunrun, Take-Two, Tilray and More

Thursday's top analyst upgrades and downgrades included Allstate, EOG Resources, Exact Sciences, Occidental Petroleum, SolarEdge Technologies, Sunrun, Take-Two Interactive Software…
Monday’s Top Analyst Upgrades and Downgrades: AbbVie, Alibaba, Best Buy, Block, Coinbase, Foot Locker, Home Depot, Nvidia, Under Armour, Virgin Galactic and More
Lee Jackson |

Monday’s Top Analyst Upgrades and Downgrades: AbbVie, Alibaba, Best Buy, Block, Coinbase, Foot Locker, Home Depot, Nvidia, Under Armour, Virgin Galactic and More

Monday's top analyst upgrades and downgrades included AbbVie, Alcoa, Alibaba, Best Buy, Beyond Meat, Block, Coinbase Global, Foot Locker, GoPro,…
Monday’s Top Analyst Upgrades and Downgrades: American Airlines, BP, Costco, Occidental Petroleum, PayPal, Six Flags, Toast and More
Lee Jackson |

Monday’s Top Analyst Upgrades and Downgrades: American Airlines, BP, Costco, Occidental Petroleum, PayPal, Six Flags, Toast and More

Monday's top analyst upgrades and downgrades included Affirm, American Airlines, BP, Colgate-Palmolive, Costco Wholesale, Diebold Nixdorf, Healthpeak Properties, Howmet Aerospace,…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618