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IHRT

iHeartMedia

$17.81 /

-0.06 (-0.34%)

07:32
02/19/20
02/19
07:32
02/19/20
07:32

Guggenheim sees iHeartMedia with 'unique leadership position,' starts at Buy

As previously reported, Guggenheim analyst Curry Baker initiated coverage of iHeartMedia with a Buy rating and $21.50 price target. The company's reach is multiples of its nearest broadcast radio peer, giving it a "unique leadership position," and Baker expects broadcast radio ad trends to remain largely stable, he tells investors. Given its robust free cash flow, he expects net leverage to go beneath the company's 4.0x times target by mid-2022, Baker added.

  • 27

    Feb

  • 02

    Mar

IHRT iHeartMedia
$17.81 /

-0.06 (-0.34%)

02/19/20 Guggenheim
iHeartMedia initiated with a Buy at Guggenheim
01/28/20
Fly Intel: Top five analyst upgrades
01/28/20 B. Riley FBR
B. Riley FBR upgrades iHeartMedia to Buy on 'compelling' 2020 setup
01/28/20 B. Riley FBR
iHeartMedia upgraded to Buy from Neutral at B. Riley FBR

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