E.W. Scripps price target lowered to $3 from $4 at Wells Fargo

Wells Fargo analyst Steven Cahall lowered the firm’s price target on E.W. Scripps (SSP) to $3 from $4 and keeps an Equal Weight rating on the shares. While ops and estimates are trending favorably, the potential tie-up of would-be acquirers will create pressure on valuations for smaller Broadcasters like E.W. Scripps, the firm says. Wells’ 2025/2026 EBITDA is flat vs. prior.