NYT Shares Hit 52-Week Low

  • September 17, 2007
The Grey Lady is crying. Shares of The New York Times Co. hit a 52-week low for the second day in a row Thursday. A Goldman Sachs analyst cut his price target from $19 to $18 and lowered some earnings estimates. Peter Appert also shaved third-quarter earnings estimates from 7 cents to 5 cents and cut 2008 income estimates.

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