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Fly News Breaks for January 7, 2020
VIAC
Jan 7, 2020 | 05:07 EDT
BMO Capital analyst Daniel Salmon initiated coverage of ViacomCBS with a Market Perform rating and $41 price target. The analyst expects continued pressure on Viacom's linear entertainment cable networks and thinks more time is needed for faster-growing businesses to "emerge and offset." However, Salmon thinks ViacomCBS shares could see support and "moderate strength" in the near-term as a number potential catalysts lie ahead.
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