Charlamagne Tha God and iHeartMedia Announce the 2023 Black Effect Podcast Festival on April 22 at Pullman Yards in Atlanta

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Go back to Charlamagne Tha God and iHeartMedia Announce the 2023 Black Effect Podcast Festival on April 22 at Pullman Yards in Atlanta

JPMorgan Downgrades iHeartMedia (IHRT) to Underweight

March 1, 2023 5:44 AM EST

JPMorgan analyst Sebastiano Petti downgraded iHeartMedia (NASDAQ: IHRT) from Neutral to Underweight with a price target of $5.00 (from $10.00).

The analyst comments "iHeart reported mixed 4Q22 results and offered weaker-than-expected 1Q23 guidance. The company now expects 1Q23 consolidated revenue to decline midsingle-digits y/y with adj. EBITDA of $80-90m (-41% y/y at the mid-point). We update... More