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Gray Media price target lowered to $6 from $7 at Guggenheim

Guggenheim lowered the firm’s price target on Gray Media (GTN) to $6 from $7 and keeps a Buy rating on the shares after having updated the firm’s model for the company’s Q1 results and forward-looking guidance. Looking ahead to 2025, Gray should benefit from any deregulation push out of the FCC, the analyst tells investors.

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