B. Riley Securities Maintains Buy on iHeartMedia, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Daniel Day has maintained a 'Buy' rating on iHeartMedia (NASDAQ:IHRT) but lowered the price target from $12 to $7.
October 19, 2023 | 4:18 pm
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NEGATIVE IMPACT
iHeartMedia's price target has been lowered from $12 to $7 by B. Riley Securities, though the 'Buy' rating is maintained.
The lowering of the price target for iHeartMedia by B. Riley Securities could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100