Loading...
Loading...
Benchmark reiterates its Hold rating on The E.W. Scripps Company
SSP and raises its price target by 50 cents to $10.50 following strong Q4, although 2012 guidance is conservative.
Benchmark says, "2012 could be a strong year for Scripps. Including the McGraw Hill acquisition, net revenue is projected to grow by 18.5% y/y to $863 million. Excluding the MHP stations, TV revenue is projected to grow by 15% y/y, while Publishing revenue
could fall by 4% y/y. Adjusted EBITDA could be up 171% y/y to $104 million. EPS
could be $0.74."
SSP closed at $9.64 a share yesterday.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in