ALEX DEGROOTE PANMURE GORDON
Good start to the year, five per cent adjusted growth year on year, though this is partly discounted already. Scope for minor earnings per share upgrades. Retain a positive stance, even after a very strong share price run. ‘Buy’.
IAN WHITTAKER LIBERUM
ITV is clearly delivering on its diversification strategy, with good growth in content and online likely in 2013. With further cost efficiencies not only for 2013 but also 2014 coming through... the return of cash story still very much there and short-term TV advertising momentum, it remains our top pick in media.
PAUL RICHARDS NUMIS
As has been widely trailed, advertising has started the year well, though comps are tougher in the second quarter due to Euro 2012 and we retain our flat 2013 forecast... We expect to raise our price target to about 140p (was 132p) and retain our ‘Add’ recommendation.