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Fly News Breaks for March 15, 2018
VIAB
Mar 15, 2018 | 07:52 EDT
As reported earlier, Needham analyst Laura Martin upgraded Viacom to Buy from Hold with a price target of $40. Martin says the stock's forward PE valuation at 8.2-times is 15%-30% below peers mainly due to Paramount's losses. The analyst is also positive on Viacom's efforts to diversify away from linear TV, add data to TV ad units, and focus on its 6 core channels.
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