BofA raised iHeartMedia’s price target to $3 from $1.90, maintaining a Neutral rating. The firm sees the stock as fairly valued post-restructuring and anticipates Q3 results in line with guidance. Q3 revenue estimate remains at $984M. Analyst awaits signs of an inflection in the Multiplatform group.

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Read more at Yahoo Finance: iHeartMedia price target raised to $3 from $1.90 at BofA