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Fly News Breaks for December 15, 2016
GTN
Dec 15, 2016 | 07:13 EDT
Benchmark analyst Daniel Kurnos started Gray Television with a Buy rating and $16 price target. The shares are down 35% for the year even though Gray is having the greatest number of subs up for renewal through year-end 2017, Kurnos tells investors in a research note. He also views the company as a merger/acquisition candidate and thinks a dividend "remains on the table" over the medium-term.
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