By: Benzinga
UPDATE: J.P. Morgan Raises PT on Sinclair Broadcast Group on Barrington Acquisition Announcement
In a report published Monday, J.P. Morgan reiterated its Neutral rating on Sinclair Broadcast Group (NASDAQ: SBGI ), and raised its price target from $16.00 to $17.50. J.P. Morgan noted, “Sinclair's shares have had solid performance, primarily due to acquisition announcements (Newport in July and Barrington and COX Media this
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