Recovery for Sky TV not insurmountable - Jarden

Thu, 23 Jul 2020

Establishing a sustainable operating model should not an insurmountable task for struggling pay-TV provider Sky Network Television, according to Jarden research. With live sport returning more quickly than expected, Sky could outperform its initial recovery expectations, research analyst Arie Dekker said in a note this morning. He upgraded his rating on the stock to ‘neutral’ from 'underperform' and kept a target price of 16 cents. Sky shares rose 0.7 percent to 14.1 cents in early trading, but are still down more than 60 percent year-to...

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