Tribune Media (TRCO) Misses Q3 EPS by 3c; Lowers FY17 Revenue Outlook

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Go back to Tribune Media (TRCO) Misses Q3 EPS by 3c; Lowers FY17 Revenue Outlook

Tribune Media (TRCO) Numbers Cut as Jefferies; Reduced Outlook Not Unexpected

November 10, 2016 8:28 AM EST

Jefferies analyst John Janedis lowered estimates and his price target on Hold-rated Tribune Media (NYSE: TRCO) to $34.00 (from $38.00) saying the reduced outlook was not expected.

Janedis commented, "Similar to peers, TRCO lowered their full year political adv. estimate (from $200M to $161M, gross).... More