EF Hutton analyst Edward Reilly lowered the firm’s price target on Sinclair Broadcast to $25 from $38 and keeps a Buy rating on the shares following the Q1 results. Sinclair has several valuable assets that the market is not giving it credit for, including its investment portfolio, Tennis Channel assets, and Compulse 360 SaaS platform, the analyst tells investors in a research note.
Published first on TheFly
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