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Fly News Breaks for February 27, 2017
SSP
Feb 27, 2017 | 07:45 EDT
Benchmark analyst Daniel Kurnos raised his price target on E.W. Scripps to $24 from $19 after the company's Q4 revenue beat consensus and management indicated that core will be up for the year. The analyst, who sees Scripps as well positioned to grow cash flow given significant MVPD renewals from 2017-2019, regardless of M&A, keeps a Buy rating on the stock.