Getty Images "neutral," target price raised

09/20/05 - Robert W. Baird

NEW YORK, September 20 (newratings.com) - Analysts at Robert W Baird maintain their "neutral" rating on Getty Images Inc (GYI). The target price has been raised from $75 to $84.

In a research note published this morning, the analysts mention that the company's main competitor, Corbis, has reported its 1H05 revenues and ex-FX organic growth at $111.5 million and 4.6%, respectively. The results were significantly lower than Getty Images’ revenues and ex- FX organic growth of $363 million and 13% for 1H05, the analyst says. Getty Images is likely to have gained market share during the period, according to Robert W Baird.