Wedbush Upgrades Clear Channel Outdoor to Neutral, Lowers Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
Wedbush has upgraded Clear Channel Outdoor (CCO) from Underperform to Neutral, while also lowering the price target from $10.5 to $9.5.
February 28, 2024 | 5:48 pm
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NEUTRAL IMPACT
Clear Channel Outdoor's rating was upgraded by Wedbush from Underperform to Neutral, but its price target was reduced from $10.5 to $9.5.
The upgrade in rating to Neutral suggests a more favorable outlook on CCO by Wedbush, potentially leading to increased investor interest. However, the reduction in the price target to $9.5 indicates a tempered expectation for the stock's performance. The mixed nature of this news may lead to neutral short-term price movement as the market digests both the upgrade and the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100