B. Riley Securities Maintains Buy Rating for Cumulus Media: Here's What You Need To Know

B. Riley Securities has decided to maintain its Buy rating of Cumulus Media CMLS and raise its price target from $23.00 to $25.00.

Shares of Cumulus Media are trading up 1.85% over the last 24 hours, at $7.17 per share.

A move to $25.00 would account for a 248.68% increase from the current share price.

About Cumulus Media

Cumulus Media Inc is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports, and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with Westwood One network and numerous digital channels. The company's revenue is derived mainly from the sale of local, regional, and national advertising which is broadcast on its radio stations.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.