It’s not all bad news for Trinity Mirror in the City these days. This morning Goldman Sachs upped its rating on the beleaguered publisher from “sell” to “buy”, as Times Online reports.
Goldman’s broker was enthusiastic that Trinity’s national titles, The Daily Mirror, Sunday Mirror and the People, “might prove attractive to potential bidders at the current low valuation”.
Goldman’s target price rose from 85p to 139p for Trinity shares – while the actual share price shot up 5.25p to 104.75p as a result.
The picture was less rosy for Johnston Press, which saw its share price drop 3p to 48p today.