Townsquare Media price target lowered to $12 from $13 at Barrington

Barrington lowered the firm’s price target on Townsquare Media (TSQ) to $12 from $13 and keeps an Outperform rating on the shares after the company provided updated guidance for Q4 and the full-year 2025 that reflects the continued traffic related challenges facing its programmatic business. The firm’s sum of the parts approach assigns a more conservative multiple to the traditional radio assets, while taking “a more aggressive stance” on TSI’s web services and Townsquare Ignite’s digital advertising offerings, the analyst noted.