Townsquare Media (TSQ) Misses Q3 EPS by 9c, Miss on Revenues

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Go back to Townsquare Media (TSQ) Misses Q3 EPS by 9c, Miss on Revenues

Townsquare Media (TSQ) PT Lowered to $11 at Jefferies

November 8, 2017 8:50 AM EST

Jefferies lowered its price target on Townsquare Media (NYSE: TSQ) to $11.00 (from $13.00) while maintaining a Buy rating.

Analyst John Janedis notes 3Q EBITDA of $40M was shy of their $44M estimate on weaker than expected local adv (not surprising), but more so due to continued pressures on the Ent biz.

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