UBS Maintains a 'Neutral' on Clear Channel (CCO); Pace: U.S. vs International

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August 2, 2012 1:56 PM EDT
Get Alerts CCO Hot Sheet
Price: $2.33 +0.43%

Rating Summary:
    1 Buy, 8 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Clear Channel (NYSE: CCO) price target of $5.50 (from $6.50).

Analyst, Jaime Morris, on the company's Q2 report: better than expected revenues were offset by higher expenses. The pace suggests some improvement in the U.S., but a slowdown internationally. Overall, Morris remains cautious on the macro and valuation.

FY12 loss lowered from (0.10) to (0.16) and FY13 from (0.09) to (0.14).

For an analyst ratings summary and ratings history on Clear Channel click here. For more ratings news on Clear Channel click here.

Shares of Clear Channel closed at $4.96 yesterday.

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