Wall Street Worries Rise for Audacy Shares


Its stock bears a one-year target price of $3.25. On March 25, that seemed like an attainable goal for Audacy Corp. Since then, however, its stock has not paused in losing value on the NYSE.

How difficult is it for the company formerly known as Entercom? Its stock hasn’t been priced this low since October 2008, when its shared hit an all-time low in the midst of the “Great Recession,” or in the days following the arrival of COVID-19.

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