Goldman Sachs Maintains Neutral on iHeartMedia, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Stephen Laws has maintained a Neutral rating on iHeartMedia (NASDAQ:IHRT) but has reduced the price target from $3 to $2.
November 15, 2023 | 3:28 pm
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Goldman Sachs has maintained a Neutral rating on iHeartMedia but lowered the price target from $3 to $2, indicating a potential downside from the previous target.
The reduction in price target by a major analyst like Goldman Sachs suggests a bearish outlook on the stock's value, which could lead to a negative short-term impact on iHeartMedia's stock price.
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IMPORTANCE 75
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