21 April 2010 – share price move

Shares in the media group Mecom have risen strongly in the last couple of days as investors focus on the medium term prospects for the group.  Although when we issued our report the share price was only 192p, our target price for Mecom shares is 350p thus still providing plenty of potential upside.  The shares should also be helped by an upgrade from JPMorgan Cazenove who have moved to an overweight stance from neutral.