New York Times price target lowered to $52 from $55 at Guggenheim

Guggenheim lowered the firm’s price target on New York Times (NYT) to $52 from $55 and keeps a Neutral rating on the shares. Core news softness in Q4 was “surprising” given the quarter included the 2024 Presidential Election, says the analyst, whose outlook for core news net adds in 2025 “remains tepid” at 370,000, versus 410,000 in 2024.