LIN investment rating downgraded

Goldman Sachs yesterday lowered its investment rating on LIN Broadcasting to “moderate outperformer” from “buy,” based on price.

The firm also removed the company from its “trading buy” list.

In NASDAQ trading, LIN Broadcasting closed down $ 1, or 1.1%, at $ 86.75 on more than 120,800 shares, compared with average daily volume of 137,700.

The stock reached a 52-week high of 90 on Tuesday.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Digital News from Variety