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home / news releases / GCI - Gannett's Bet On Sports Gambling Has Great Odds

GCI - Gannett's Bet On Sports Gambling Has Great Odds

Gannett Co. Inc.
  • Gannett's sports gambling partnership with Tipico should be transformative for the company.
  • On the heels of this announcement, Gannett opportunistically refinanced its outstanding term loan, reducing interest expense by 200 basis points.
  • Lastly, pending legislation in President Biden's budget reconciliation package could be a significant windfall for the company at year end if it passes.
  • I am raising my 12-18-month price target from $12 to $25, which would award a median valuation for the communications services sector to Gannett's shares.

For further details see:

Gannett's Bet On Sports Gambling Has Great Odds
Stock Information
Company Name: Gannett Co. Inc.
Stock Symbol: GCI
Market: NYSE
Website: gannett.com
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