Gannett up after Citi upgrade

USA TODAY Co

17/09/2024 16:35

** Shares of U.S. newspaper chain Gannett  GCI.N  rise 18.5%
to $5.5
    ** Citi upgrades GCI to "neutral" from "sell", maintains PT
of $5.10
    ** Brokerage says Gannett made solid progress slowing the
rate of topline declines in the first half of 2024
    ** If trends continue, GCI may generate flattish revenue
growth in 4Q24 or early 2025, resulting in multiple expansion -
Citi
    ** GCI has risen 137.4% YTD

 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))