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Fly News Breaks for August 7, 2015
VIA
Aug 7, 2015 | 08:29 EDT
Stifel reduced its price target on Viacom as the firm says that the company's comments indicate that its ad sales for the current quarter are weak. The firm is not convinced that ad sales will rebound next year. However, it thinks that the company's significant free cash flow should allow it to capitalize on M&A opportunities, and says that the stock is inexpensive. It keeps a Buy rating on the shares.
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