Iheartmedia Price Target collected $ 3 of $ 1.90 in Bofa

Bofa raised the company target price In Iheartmedia (IHRT) to $ 3 from $ 1.90 and maintains a neutral rating in shares. After a recent balance restructuring, the company considers that the shares are quite valued and expects “more concrete signs of a true inflection in the multiplatform group,” the analyst tells investors. The firm anticipates that the results of the third trimester of Iheart will be in line with the company’s orientation and maintains its income estimate of the third quarter of $ 984 million, the analyst added in a preview.

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