BofA Lowers New York Times (NYT) Target as Media Sector Multiples Compress

The New York Times Company (NYSE:NYT) will trade ex-dividend on July 8, putting it among the 10 Best July Dividend Stocks to Buy.

On June 24, BofA lowered its price recommendation on The New York Times Company (NYSE:NYT) to $80 from $87. It reiterated a Neutral rating on the stock. The firm said the lower target reflects multiple compressions across its peer group. While it believes The Times deserves to trade at a premium to both the broader media sector and the market because of its stable business, subscription-driven revenue, and strong free cash flow profile, the analyst sees the stock's current risk/reward as balanced at its present valuation.

During the company's Q1 2026 earnings call, CEO, President, and Director Meredith Kopit Levien described the quarter as another strong one for The Times. She said digital subscription revenue increased 16%. The company added 310,000 net new digital subscribers, bringing its total subscriber base to more than 13 million. She added that the company was making steady progress toward its next milestone of 15 million subscribers and beyond.

Levien also discussed the challenges of operating in a media landscape shaped by a small number of

Fuente original: Yahoo Finance (https://finance.yahoo.com/media-advertising/articles/bofa-lowers-york-times-nyt-195218226.html)