Jefferies sees growth assets helping Nine Entertainment weather publishing headwinds

Nine Entertainment Holdings

02/09/2026 20:14

** Jefferies retains "buy" rating on Australian media company Nine Entertainment NEC.AX, with price target A$1.40 
** With Nine Entertainment's earnings skewed towards growth assets, co is more resilient against headwinds in TV and publishing - Jefferies
** Nine Entertainment, which owns the Australian Financial Review, derives nearly 60% of operating earnings from outdoor advertising business QMS and subscription video platform Stan
** Jefferies expects growth from Stan and QMS to comfortably outweigh the headwinds in Broadcasting and Publishing
** Eight analysts rate the stock "buy" on average, with median PT A$1.15 - LSEG-compiled data
** As of last close, stock down 13.5% YTD

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))