Gilford Has Buy Rating On Entravison Comm. (EVC)

Gilford Securities has a Buy rating and a $3 price target on shares of Entravison Comm. EVC. In a note to clients, Gilford writes, "Due to lighter than expected Q4A and OK ‘11E color, we are trimming our rev. & cutting EBITDA ests. That pulls back our target to $3 from $3.50; the new target has 29% potl. upside from stock price. Auto dealers' surging spending is helping. Roughly two-thirds of TV and Radio Top 10 ad categories were positive in 2010, plus retrans has gone from 8% in ‘09A to 10% in ‘10A to our estd. 12% of TV rev. in ‘11E. Retrans fees more reliable than ad sales."