Benchmark Company Reiterates Buy Rating, $16 PT on Sinclair Broadcast Group
Posted on December 14, 2012 at 11:31 AM EST
In a report published Friday, Benchmark Company reiterated its Buy rating and $16.00 price target on Sinclair Broadcast Group (NASDAQ: SBGI ). Benchmark Company noted, “Following a better than expected 3Q12 driven by strong core advertising, led by auto, up 12% y/y, direct response and telecommunications (which had been soft