TD Cowen lowered the firm’s price target on Clear Channel Outdoor (CCO) to $2.50 from $2.90 and keeps a Buy rating on the shares. The firm said Clear Channel agreed to a $2.43 per share all cash take-private deal led by Mubadala, implying 11.5x our FY26 EBITDA. Cowen sees a high likelihood of deal completion and limited risk.
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