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Fly News Breaks for February 28, 2018
VIAB
Feb 28, 2018 | 07:14 EDT
Macquarie analyst Tim Nollen upgraded Viacom (VIAB) to Neutral and raised its price target to $37 from $30 telling investors the company has taken a decisive turn in strategy to re-set its distribution relationships and is in the early stages of a turnaround. Nollen believes Viacom can return to growth despite any merger outcome with CBS (CBS) and raised estimates on increased US ad and affiliate revenue growth.
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