Credit Suisse has identified APN News & Media as its top stock pick among emerging companies, after Rupert Murdoch’s News Corporation took a 14.99 stake in the radio, publishing and outdoor advertising group. Analysts led by Paul Buys said in a research note to clients they expect APN to deliver mid-teens percentage earnings growth driven by market share gains in radio, growth in outdoor following contract wins and stabalisation of its structurally challenged print assets.
