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Fly News Breaks for May 2, 2019
MDP
May 2, 2019 | 08:23 EDT
After Reuters reported yesterday that Meredith was preparing to explore a sale of its broadcast TV stations, Stephens analyst Kyle Evans said he views the "rumor" as more of as an indication of a willingness to sell than as a "precursor to an imminent deal." Evans raised his price target on Meredith shares to $65 from $56 ahead of the company's Q3 earnings report, but keeps an Equal Weight rating on the stock, saying that his "ability to probability weight or time a potential deal is low."
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