Gannett (GCI) PT Lowered to $5 at Citi

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March 17, 2020 8:55 AM EDT
Get Alerts GCI Hot Sheet
Price: $4.55 --0%

Rating Summary:
    7 Buy, 6 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Citi analyst Jason Bazinet lowered the price target on Gannett (NYSE: GCI) to $5.00 (from $9.00) while maintaining a Buy rating.

  • now expect 8% revenue decline in 2020 and 7% decline in 2021. pro-forma Adjusted EBITDA estimates will decline in 2020 and 2021. Now estimate Adjusted EBITDA of $479 million in 2020 and $456 million in 2021 (versus $485 million in 2019).
  • Dividend at Risk

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Analyst Comments, Analyst EPS Change, Analyst PT Change

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Citi, Dividend