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Fly News Breaks for May 31, 2016
VIAB
May 31, 2016 | 07:48 EDT
RBC Capital attributes the recent rally in Viacom's shares to speculation about a potential management change or a potential break-up, sale or merger of the company. But the firm thinks it will be difficult for anyone to implement a turnaround at the company, given its significant challenges. RBC recommends selling the shares following the recent rally and keeps an Underperform rating on the name.
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