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Fly News Breaks for February 16, 2016
DISH, VIAB
Feb 16, 2016 | 09:53 EDT
Citi analyst Jason Bazinet upgraded Viacom (VIAB) to Buy from Neutral saying the risk/reward is favorable at current share levels. If DISH (DISH) drops Viacom's Cable Network business, the stock could fall to $21 per share, but if Paramount is sold and the multiple retraces to nine times earnings, Viacom shares could reach $67, Bazinet tells investors in a research note. His scenario analysis yields a favorable risk/reward profile. He keeps a $46 price target for shares of Viacom.
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