CCO - Clear Channel Outdoor -6.1% as J.P. Morgan drops to Underweight

Clear Channel Outdoor Holdings (CCO) is off 6.1% and at a three-week low after J.P. Morgan cut its rating to Underweight. The firm's Alexia Quadrani isn't expecting any substantial improvement of recent trends in its business. Shares hung around this price point for much of the summer; and while they've doubled off their March low, they're still down 64% year-to-date. Wall Street analysts are Bullish on the stock overall, while Seeking Alpha authors are Neutral. The stock has a Quant Rating of Neutral.

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Clear Channel Outdoor -6.1% as J.P. Morgan drops to Underweight