iHeartMedia price target lowered to $22 from $23 at B. Riley

B. Riley analyst Daniel Day lowered the firm’s price target on iHeartMedia to $22 from $23 and keeps a Buy rating on the shares. The analyst sees iHeartMedia as "compelling," with shares trading modestly above 52-week lows. Day sees shares reacting positively to the upcoming Q4 earnings release and expects iHeartRadio to announce most, or all, of its Q4 free cash flow was used for debt repurchases at a discount to par.