Strong Guggenheim Initiation Ignites Entercom Shares


When veteran financial analyst Marci Ryvicker exited Wells Fargo Securities, many radio industry observers openly questioned what Wall Street shop would be picking up the ball on covering Entercom Communications.

Ryvicker had been Entercom’s biggest fan. Now, she’s at Wolfe Research as a Managing Director, and not covering broadcast media.

Introducing Curry Baker, a Guggenheim Partners analyst who initiated coverage of Entercom on Thursday. His words lit a fire with investors, sending Entercom shares up 13.6%.

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