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Ticker	Price	Change($)	Change(%)	Shares	Volume	Prev Close	Open	Gain($)	Gain(%)

Ticker	Status	Jurisdiction	Filing Date	CP Start	CP End	CP Loss	Deadline

Ticker	Case Name	Status	CP Start	CP End	Deadline	Settlement Amt

Ticker	Name	Date	Analyst Firm	Up/Down	Target ($)	Rating Change	Rating Current

Citi Considers Meredith As Fairly Valued, Downgrades To Neutral

Author: Anusuya Lahiri | October 08, 2021 03:54pm

Citi analyst Jason Bazinet downgraded Meredith Corp (NYSE:MDP) to Neutral from Buy with a price target of $59, up from $54, implying priced at the current level.
The analyst sees limited upside from current share levels after IAC/InterActiveCorp (NASDAQ:IAC) agreed to acquire Meredith's National Media Group in an all-cash transaction valuing the company at approximately $2.7 billion.
Bazinet raised his price target for Meredith to reflect the expected proceeds of the NMG sale.
Related Content: Meredith Shares Pop As IAC's Dotdash Acquires National Media Group
Price Action: MDP shares traded higher by 0.26% at $58.23 in the market session on the last check Friday.

Posted In: IAC MDP