B. Riley Sees Audacy’s Risk-Reward Profile Skewing Heavily to the Upside

A screen shows a graph before the opening bell at the New York Stock Exchange (NYSE) at Wall Street on March 16, 2020. Johannes Eisele/AFP via Getty Images

B. Riley analyst Daniel Day upgraded Audacy Inc. to Buy from Neutral with a price target of $5, up from $4 (99.2 percent upside).

The stock is trading near year-to-date lows, and the sentiment is “swinging toward overly pessimistic in recent weeks,” Day says.