Citi Upgrades New Media Investment Group (NEWM) to Buy on Possible Gannett (GCI) Acquisition

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/13/2026

1. CSCO
2. CBRS
3. COHR
4. WYFI
5. EAT
6. SPY
7. GO
8. STUB
9. ANDG
10. NBIS

July 22, 2019 3:20 AM EDT
Get Alerts NEWM Hot Sheet
Price: $6.28 --0%

Rating Summary:
    2 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 9
Join SI Premium – FREE

Citi analyst Jason Bazinet upgraded New Media Investment Group (NYSE: NEWM) from Neutral to Buy with a price target of $14.00 (from $10.00).

  • Upgrades on potential Gannett (NYSE: GCI) acquisition.
  • Says equity issuance is likely.
  • Notes synergies are "key".
  • Says every $50M of synergies is equal to about $2 per share.

For an analyst ratings summary and ratings history on New Media Investment Group click here. For more ratings news on New Media Investment Group click here.

Shares of New Media Investment Group closed at $9.81 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change, Hot Comments, Hot Upgrades, Upgrades

Related Entities

Citi, Definitive Agreement