Gannett price target raised to $5.10 from $4.30 at Citi

Citi raised the firm’s price target on Gannett (GCI) to $5.10 from $4.30 and keeps a Neutral rating on the shares. The firm, which updated its model to reflect Q3 results, tells investors that its fundamental view of Gannett has not changed, but notes that it now incorporate a 50% chance that the company wins a $230M award in its case against Google (GOOGL).