MDP - Meredith jumps 12% to 52-week high on Street-high target from Benchmark

Meredith (MDP) has jumped 12% to a new 52-week high after an upgrade and a clear new Street-high price target at Benchmark. The firm upgraded the stock to Buy from Hold, and raised its price target to $38. The previous Street high was $29. That new target implies another 37% upside beyond today's double-digit gain so far. Street analysts on the whole are Neutral on Meredith, while Seeking Alpha authors are Bullish. The stock has a Quant Rating of Neutral.

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Meredith jumps 12% to 52-week high on Street-high target from Benchmark