NEW YORK (TheStreet) -- Townsquare Media (TSQ) shares are climbing 3.5% to $11.30 in pre-market trading on Monday after analysts at Jefferies (JEF) initiated coverage with a "buy" rating and $17 price target.

Separately, analysts at Bank of America (BAC) also assumed coverage on the diversified media company with a "buy" rating, while analysts at RBC Capital initiated coverage with an "outperform" rating and $14 price target.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

TSQ Chart
TSQ data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.