Sinclair Broadcast Group (SBGI) Misses Q4 EPS by 4c

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Sinclair Broadcasting (SBGI) PT Raised to $42 at Wedbush Following 4Q Report, Deregulation Upside

February 23, 2017 7:38 AM EST

Wedbush analyst James Dix reiterates Outperform rating and raises price target on Sinclair Broadcast Group Inc. (NASDAQ: SBGI) to $42 (from $36), noting deregulatory opportunities in focus, despite the company reporting 2016 fourth quarter results below consensus projections, offering guidance at the low end.

Dix comments,... More