These Analysts Raise Their Forecasts On Gray Media After Q2 Results

Group 1 - Gray Media, Inc. reported a quarterly loss of $0.42 per share, which was worse than the analyst consensus estimate of a loss of $0.36 per share [1] - The company achieved quarterly sales of $772 million, exceeding the analyst consensus estimate of $765.15 million [1] - For the third quarter, Gray Media projects sales between $735 million and $750 million, lower than market estimates of $786.212 million [1] Group 2 - Following the earnings announcement, Benchmark analyst Daniel Kurnos maintained a Buy rating on Gray Media and raised the price target from $7 to $9 [4] - Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and increased the price target from $4.5 to $5 [4] - Gray Media shares increased by 16% to trade at $4.79 on Monday [1]