Shares of iHeartMedia Inc. weren’t getting much love on Wall Street Tuesday, sinking toward a record low after BofA Securities analyst Jessica Reif Ehrlich turned bearish, citing concerns over high levels of debt and a slowing economy.
Ehrlich cut her rating on the radio and podcast platform to underperform from neutral and slashed her stock-price target by 38%, to $4 from $6.50. She is now one of three analysts, out of eight who have been surveyed by FactSet, to recommend investors sell the stock. Another three analysts are…
