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