iHeartMedia price target raised to $1.90 from $1.60 at BofA

BofA raised the firm’s price target on iHeartMedia (IHRT) to $1.90 from $1.60 and keeps a Neutral rating on the shares. BofA sees iHeartMedia’s Q2 results largely in line with company guidance, telling investors in a research note that it appears the ad market has stabilized over the course of the quarter as peak tariff uncertainty passes. Podcasting, a bright spot for the company, should continue to be iHeartMedia’s fastest growing segment in Q2, the firm says.