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Fly News Breaks for October 15, 2019
IHRT
Oct 15, 2019 | 04:57 EDT
Goldman Sachs analyst Drew Borst initiated coverage of iHeartMedia with a Neutral rating and $15 price target. At current share levels, the positives of the company's emerging digital growth opportunity and EBITDA margin expansion are largely offset by negatives relating to cyclical risks to advertising and rising competitive intensity from audio streamers, Borst tells investors in a research note.
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