Ryvicker: Entercom Is A Hidden Gem

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Wells Fargo analyst Marci Ryvicker has been a big fan of Entercom for quite some time. The company’s 5% second-quarter revenue growth did not change that. In fact, it only solidified her feelings about the company.

In a note to investors Thursday, Ryvicker shared her upbeat assessment of the company. “We continue to like the stock, which we have called a hidden gem in many prior notes, and believe that the potential for future dividend increases and eventual refinancing (s) will attract the incremental investor. We reiterate our Outperform & raise our val. to $16-17.

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