Meredith downgraded to Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded Meredith after assuming coverage of the stock but raised its price target for shares to $43 from $38. Piper thinks Meredith shares are fully valued at current levels based on core fundamentals.
Meredith sees Q1 EPS 47c-52c, consensus 61c Sees Q1 revenue to be up low-single digits, consensus $392.77M. Sees Q1 Local Media Group revenue to be flat to up slightly. Sees Q1 National Media Group revenue to be up low- to mid-single digits.