Rosenblatt Maintains Neutral on Sinclair, Raises Price Target to $15.7
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Barton Crockett has maintained a Neutral rating on Sinclair Broadcast Group (NASDAQ:SBGI) and increased the price target from $10.4 to $15.7.

January 18, 2024 | 12:40 pm
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Rosenblatt analyst Barton Crockett maintains a Neutral stance on Sinclair Broadcast Group but raises the price target from $10.4 to $15.7.
The increase in price target by Rosenblatt suggests a positive outlook on Sinclair's future performance, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst believes the stock is fairly valued at its current price, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100