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Meredith has 26% more upside after revised TV station deal - Citi

Jun. 29, 2021 1:18 PM ETGray Television, Inc. (GTN) StockGTNBy: Jason Aycock, SA News Editor3 Comments

Meredith Corp Acquires Time Inc In $1.84 Billion Deal
Drew Angerer/Getty Images News

  • Citi is boosting its target price on Meredith (NYSE:MDP), accounting for some deal dynamics around the sell-off of its Local Media Group.
  • The new target is $51, up from $41, after incorporating the revised proposal

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