Sinclair (NASDAQ:SBGI) Reaches New 52-Week Low on Analyst Downgrade

Sinclair (NASDAQ:SBGI) Reaches New 52-Week Low on Analyst Downgrade

Sinclair, Inc. (NASDAQ:SBGI – Get Free Report) shares hit a new 52-week low on Friday after Wells Fargo & Company lowered their price target on the stock from $17.00 to $16.00. Wells Fargo & Company currently has an equal weight rating on the stock. Sinclair traded as low as $12.04 and last traded at $12.36, with a volume of 139783 shares. The stock had previously closed at $12.36. Several other equities research analysts also recently issued re…