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Fly News Breaks for April 20, 2016
DISH, VIAB
Apr 20, 2016 | 08:04 EDT
FBR Capital analyst Barton Crockett says that with shares down 48% over the last 12 months, Viacom (VIAB) is already pricing in the worst case scenario from the DISH (DISH) dispute. As such, the stock will mainly benefit from getting the renewal talk over with, however it turns out, Crockett tells investors in a research note. He sees an opportunity in shares of Viacom and keeps an Outperform rating on the name with a $51 price target.
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