Gray Media price target lowered to $8 from $10 at Guggenheim

Guggenheim lowered the firm’s price target on Gray Media (GTN) to $8 from $10 and keeps a Buy rating on the shares after the firm updated its model for the company’s Q3 results and forward-looking guidance. Gray should benefit from an easing interest rate environment and any deregulation push out of the FCC as Republicans take control, the analyst tells investors.