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Fly News Breaks for August 14, 2019
VIA, VIAB, CBS
Aug 14, 2019 | 07:12 EDT
Guggenheim analyst Michael Morris upgraded Viacom (VIAB) to Buy from Neutral after the company announced an agreement to combine with CBS (CBS) in an all-stock deal that values the new company at more than $28B. He sees the combined company as more strongly positioned to leverage its content pipeline to pursue growth opportunities while maintaining a leadership position in linear video and has confidence that the merger will be completed, Morris tells investors. He raised his price target on Viacom shares to $35 from $31 and increased his price target on CBS shares to $59 from $57.
News For VIA;VIAB;CBS From the Last 2 Days
VIA, VIAB
Sep 15, 2019 | 16:54 EDT
"Box Office Battle" is The Fly's weekly roundup of what movies topped the weekend's box office. AT&T (T) subsidiary... To see the rest of the story go to thefly.com. See Story Here