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January 04, 2006

Lehman Launches Coverage of Central European Media Enterprises

A London-based analyst from Lehman Brothers launched coverage on CETV yesterday. I have uploaded a copy of his report. If you want to read it, go to the "Continue Reading" section and click the link. It is a pdf file and requires Adobe Acrobat to access. I plan to upload more brokerage reports in 2006 as an enhancement to the website. They will always be behind the password protection, however.

The new CETV report is a good summary and easy to read. The analyst definitely likes the company and its growth prospects but is neutral on the stock as he has a $60 target. As you know, we trimmed the position at $59 about a month ago, just short of my longstanding $62 target. The analyst notes that if he gains confidence in the organic growth outlook he would likely upgrade his target and recommendation. I think he will gain that confidence when the company reports its 2005 results in late January or early February.

Download Lehman Report on CETV

Posted by Steve Birenberg at January 4, 2006 11:06 AM in CETV