Guggenheim lowered the firm’s price target on Gray Media (GTN) to $6 from $7 and keeps a Buy rating on the shares after having updated the firm’s model for the company’s Q1 results and forward-looking guidance. Looking ahead to 2025, Gray should benefit from any deregulation push out of the FCC, the analyst tells investors.
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Read More on GTN:
- Gray Television: Hold Rating Amid Revenue Growth and Economic Uncertainty
- Gray Media price target raised to $4.50 from $4 at Wells Fargo
- Gray Television’s Earnings Call: Mixed Results and Strategic Focus
- Gray Television Reports Q1 2025 Financial Results
- Gray Media reports Q1 revenue $782M, consensus $773.21M