Gannett (GCI) Misses Q2 EPS by 3c

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Jefferies Cuts Price Target on Gannett (GCI) to $14 Following 2Q Report

July 28, 2016 9:46 AM EDT

Jefferies reiterated a Hold rating on Gannett (NYSE: GCI), and cut the price target to $14.00 (from $15.00), following the company's 2Q earnings report. GCI reported advertising down 10%, sequentially similar to 1Q despite slightly easier comps. GCI's updated guidance of +7-9% revenue growth in... More