New York Times falls after Trump sues co for defamation, libel
Shares of news publisher New York Times NYT.N down 2.2% at $57.95 premarket
U.S President Donald Trump sues NYT, four of its reporters, and publisher Penguin Random House for at least $15 bln late on Monday, claiming defamation and libel
Trump also claims reputational damage from a series of NYT articles, including one from before the 2024 presidential election, and a 2024 book published by Penguin
Trump lawyers say "harm to value of TMTG (Trump Media and Technology Group) stock" example of defamation
Trump's media company DJT.O has fallen 60.7% since Trump win in early November, 2024
NYT spokesperson says lawsuit filed by Donald Trump "has no merit. It lacks any legitimate legal claims"
Six of 12 brokerages rate NYT stock "buy" or higher, six "hold"; median PT is $56
Upto last close NYT up 13.81% YTD
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