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Fly News Breaks for March 4, 2019
SSP
Mar 4, 2019 | 07:46 EDT
Benchmark analyst Daniel Kurnos raised his price target on E.W. Scripps to $26 from $22, stating that the company's Q4 beat came "despite arguably the toughest non-Olympics-based comps in the group." Retrans was also guided higher to start the year and E.W. Scripps should be a significant beneficiary "if the space is finally going to get credit for a healthy net retrans outlook," Kurnos tells investors. He maintains a Buy rating on E.W. Scripps shares.
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