Wells Fargo hikes Gray Television PT on consolidation benefits

|About: Gray Television, Inc. (GTN)|By:, SA News Editor

Wells Fargo hikes its PT on Gray Television (GTN +2.5%) to $12-$14 from $7-$9 but reiterates a Perform rating.

The firm is positive on Gray's move to consolidate stations - the company purchased 15 stations earlier this month for $42.5M.