B of A Securities Maintains Underperform on iHeartMedia, Lowers Price Target to $2.9
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jessica Reif Cohen maintains an Underperform rating on iHeartMedia and lowers the price target from $3.5 to $2.9.
October 04, 2023 | 6:44 pm
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NEGATIVE IMPACT
iHeartMedia's price target has been lowered from $3.5 to $2.9 by B of A Securities, maintaining an Underperform rating.
The lowering of the price target by B of A Securities indicates a bearish outlook for iHeartMedia. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100