UPDATE: Miller Tabak Downgrades Entravision (EVC) to Neutral and Raises Price Target to $1.50
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Price: $8.00 -0.37%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Miller Tabak downgraded shares of Entravision Communications (NYSE: EVC) to a Neutral rating today from its previous rating of Buy, while raising its near-term price target from $1.25 to $1.50. The firm’s long-term price target of $3 was reaffirmed.
The firm notes that the domestic economy is nearing flat growth, but highlights that near-term advertising fears regarding the local advertising market remain.
Since the local advertising market is closely correlated to the unemployment, which is still at a 9.1 percent rate, Miller Tabak fells slightly more optimistic following last week’s jobs data.
The firm notes that the domestic economy is nearing flat growth, but highlights that near-term advertising fears regarding the local advertising market remain.
Since the local advertising market is closely correlated to the unemployment, which is still at a 9.1 percent rate, Miller Tabak fells slightly more optimistic following last week’s jobs data.
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