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Fly News Breaks for January 24, 2020
VIAC
Jan 24, 2020 | 07:20 EDT
Morgan Stanley analyst Benjamin Swinburne resumed coverage of ViacomCBS with an Equal Weight rating and $42 price target. While he believes shares appear undervalued, Swinburne is concerned that cord-cutting and ratings pressures at Cable may offset growth in streaming and retransmission revenues, adding that he prefers to await CBS' NFL renewal and a better view of the long-term strategy before getting more constructive.
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