Citi analyst Jason Bazinet upgraded Gannett to Neutral from Sell with a price target of $3.60, up from $1.95.The upgrade is based on more robust revenue trends within the company’s digital segment, the analyst tells investors in a research note. The firm believes these trends pave the way for Gannett to grow sales in 2025. Given improving sales trends, the firm increased its target multiple and upgraded the shares.
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