We are pleased by the momentum revealed in ITV’s interims and remain bullish on its trading prospects and underlying fundamentals. Downward pressure on viewing share remains an issue, but this is being addressed. We have nudged up our forecasts (FY2015E EPS +2%), expect strong EPS and DPS progress (likely to be enhanced by acquisitions) and view Liberty Global’s recent share purchase as indicative of the group’s strategic value. We have raised our target price to 300p and re
