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S&P Picks and Pans: News Corp., Toyota, BSX, Tyco, LVS

Analyst opinions on stocks making headlines in Tuesday's market

”NWS”; $19.96

December-quarter EPS OF 27 cents, including 2 weeks of Dow Jones results, vs. 26 cents one year earlier is 2 cents below our estimate, but in line with Street’s. We saw negative variance on equity affiliates, but note momentum across key TV networks, satellite TV, print, and Internet units. Film segment, while strong, was up against difficult comps. The company hiked its fiscal 2008 (June) EBIT growth estimate, excluding DJ, to mid-teens from low teens. We see key profit milestones for Sky Italia and MySpace, aided by Google (”GOOG”) pact. The company rules out play for Yahoo (”YHOO”). Our target price stays $25./T. Amobi, CPA, CFA