Guggenheim Maintains Buy on iHeartMedia, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Curry Baker maintains a Buy rating on iHeartMedia (NASDAQ:IHRT) but lowers the price target from $5 to $3.
May 16, 2024 | 5:51 pm
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NEUTRAL IMPACT
Guggenheim analyst Curry Baker maintains a Buy rating on iHeartMedia but lowers the price target from $5 to $3. This indicates confidence in the company's long-term potential despite a more conservative short-term outlook.
The maintained Buy rating suggests that the analyst still sees value in iHeartMedia's stock, but the lowered price target reflects a more cautious short-term outlook. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100