Wedbush Downgrades Clear Channel (CCO) to Underperform
Tweet
Share
E-mailGet Alerts CCO Hot Sheet
Price: $2.33 +0.43%
Rating Summary:
1 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Wedbush downgraded Clear Channel (NYSE: CCO) from Neutral to Underperform with a price target of $6.00.
"We see reward/risk skewed to downside on soft U.S. billboard ad growth checks and small prospect of valuation support from REIT conversion or similar transaction," the firm said.
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 $7.03 yesterday.
"We see reward/risk skewed to downside on soft U.S. billboard ad growth checks and small prospect of valuation support from REIT conversion or similar transaction," the firm said.
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 $7.03 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- RBC Capital Downgrades Accelerant Holdings (ARX) to Sector Perform
- UBS Downgrades ASX Limited (ASX:AU) (ASXFY) to Neutral
- JPMorgan Downgrades KinderCare Learning Companies (KLC) to Underweight
Create E-mail Alert Related Categories
DowngradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
