Gannett’s Rebranded Stock Faces Divergent Analyst Views

Market experts are divided on the outlook for the company now known as USA TODAY Co., formerly Gannett Co., Inc. The investment community presents a split picture, with three analysts maintaining a “Buy” recommendation and an average price target of $5.70, while an equal number advise a “Hold” stance with a median target of $5.55. This disagreement centers on assessments of the firm’s ongoing digital transformation and recent strategic initiatives.

A significant corporate rebranding was completed on November 18, with the company changing its name to USA TODAY Co. and its NYSE ticker symbol to TDAY. Management’s strategic focus was detailed in the third-quarter earnings report, released October 30. The core objective is Read more...