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IHRT Crosses Above Average Analyst Target

In recent trading, shares of iHeartMedia Inc (IHRT) have crossed above the average analyst 12-month target price of $2.55, changing hands for $2.59/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..

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iHeartMedia, Inc. (IHRT)