JP Morgan Upgrades Dow Jones

Analyst Frederick Searby says the financial news publisher may reposition its flagship publication and sees additional opportunities to improve cash flow

JP Morgan upgrades financial news publisher Dow Jones & Co. (DJ ) to overweight from neutral.

Analyst Frederick Searby says he sees a chance of imminent restructure of the company's assets and repositioning of Dow Jones's flagship Wall Street Journal.

He says it has been widely discussed in the press including Fortune and the New Yorker that several large media concerns have made offers for the company's coveted assets, pressuring management and the controlling Bancroft family to take more aggressive actions.

Along with recent international pricing publication restructuring, he believes Dow Jones has additional opportunities to improve cash flow. It upgrades as shares trade at significant discount to his sum-of-the-parts valuation.

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