Analyst: USA Today Publisher Is Undervalued
Following a spate of mostly positive earnings from newspaper publishers, one Wall Street analyst is saying that Gannett (GCI), which publishes USA Today and other papers, is a good value investment.
Zacks Investment Research yesterday issued a “strong buy” rating on shares of Gannett, saying that the stock is cheap relative to the company’s expected profits, and “Gannett is running a much more efficient business,” having reduced its debt and beaten Wall Street expectations multiple times in a row.
The upgrade is the latest in a series of encouraging developments in the wood-pulp business.
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