While Benchmark analyst Daniel Kurnos noted in his preview of Gray Television's upcoming earnings report that he has again tweaked down his Q1 expectations to reflect incremental dislocation from the Super Bowl and Olympics, he also said he expects upside to both 4Q17 and FY18 numbers. Kurnos said he sees the recent pullback in Gray shares as offering an attractive entry point to the stock ahead of upside potential in 2018 given Gray's dominant position in small markets and his belief the political environment can be a boost. He maintains a Buy rating on Gray shares.