B of A Securities Maintains Underperform on iHeartMedia, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jessica Reif Cohen maintains an Underperform rating on iHeartMedia (NASDAQ:IHRT) and lowers the price target from $1.7 to $1.
June 03, 2024 | 11:56 am
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NEGATIVE IMPACT
B of A Securities analyst Jessica Reif Cohen maintains an Underperform rating on iHeartMedia and lowers the price target from $1.7 to $1.
The Underperform rating and lowered price target from $1.7 to $1 by B of A Securities suggest a negative outlook on iHeartMedia's stock. This is likely to result in a short-term decline in the stock price as investors react to the downgraded expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100