UBS Maintains a 'Neutral' on Gannett (GCI); Print Trends Remain Weak – Tweaking Estimates
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Price: $2.63 -2.23%
Rating Summary:
6 Buy, 5 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
6 Buy, 5 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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UBS maintains a 'Neutral' on Gannett (NYSE: GCI), PT lowered from $16 to $14.
UBS analyst says, "We are increasing our 3Q/2011 estimates on better than expected TV trends, corporate expense, and the announced share buy-back plans. However, we are lowering our 2012 estimates on lower publishing and digital expectations which offset the impact from the buy-back. Our new 3Q/2011/2012 EPS estimates are now $0.44/$2.13/$2.26 from $0.43/$2.07/$2.27."
For more ratings news on Gannett click here and for the rating history of Gannett click here.
Shares of Gannett closed at $13.01 yesterday.
UBS analyst says, "We are increasing our 3Q/2011 estimates on better than expected TV trends, corporate expense, and the announced share buy-back plans. However, we are lowering our 2012 estimates on lower publishing and digital expectations which offset the impact from the buy-back. Our new 3Q/2011/2012 EPS estimates are now $0.44/$2.13/$2.26 from $0.43/$2.07/$2.27."
For more ratings news on Gannett click here and for the rating history of Gannett click here.
Shares of Gannett closed at $13.01 yesterday.
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