Gilford Securities Upgrading Entercom Comm. (ETM)

Gilford Securities is upgrading shares of Entercom Communications Corp. ETM to Buy with an $11 price target, as it sees the company beating earnings expectations for the third quarter. In a note sent to clients, Gilford writes, "UPGRADING ETM TO A BUY: We anticipate ETM should meet or beat expectations in Q3E and its Q4E pacings should surprise many investors that expect radio's disappearing easy comps to demolish rev. growth in Q4E." Shares of ETM are losing 42 cents to $8.35.