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Fly News Breaks for November 28, 2018
VIA, VIAB
Nov 28, 2018 | 05:29 EDT
Imperial Capital analyst David Miller lowered his Q1 core earnings per share estimate for Viacom to $1.02 from $1.18 to reflect the weaker than expected theatrical receipts for "Instant Family." It appears as if the move will be a short run, Miller tells investors in a research note partially titled "So Where is the Turnaround?" The analyst says he has not seen any evidence of a turnaround thus far for Viacom, at least theatrically. He keeps an In-Line rating on the shares with a $30 price target.
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