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Fly News Breaks for May 28, 2019
GTN
May 28, 2019 | 09:00 EDT
Benchmark analyst Daniel Kurnos said the recent "over-correction" in shares of Gray Television "seems extreme" following management's disappointing Q2 core guidance as he feels the shares failed to fully capture the benefits of the recent Raycom transaction and he still sees meaningful upside to consensus forecasts in 2019 and 2020. He sees Gray shares as "very attractively priced" at current levels and keeps a Buy rating on the stock.
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