Wells Fargo Securities media analyst Steven Cahall resumed coverage of Gray Television, giving the broadcaster a positive “overweight” rating. Cahall, in a note Monday, set a target price of $26 per share for Gray, which closed last week at $20.16. After a series of acquisitions, Gray is now a large-scale broadcast player, Cahall said.
Citing “a renewed focus on measurement” in the wake of Google’s decision to abandon “identifier” tracking and ad targeting, a major equities research firm has upgraded Nielsen shares from a “market perform” to “outperform” — a Wall Street rating it hasn’t had in more than two years.
UBS analyst John Hodulik upgraded his rating on the stock of the Walt Disney Co. from “neutral” to “buy” in a Friday report, lauding the Hollywood giant’s streaming success and arguing its theme parks would benefit from the reopening of the economy after the coronavirus pandemic. He also boosted his stock price target from $155 to $200.
