Viacom downgraded to Neutral from Outperform at Wedbush Wedbush downgraded Viacom due to modest upside to Street estimates, relative valuation, and a potential lag in a ads recovery. Price target remains $63.
Viacom initiated with a Buy at CLSA CLSA initiated Viacom with a Buy rating and $85 price target. The firm believes Viacom estimates have bottomed, leaving room for upside, and TV rating should begin to stabilize. Given the negative sentiment in shares and low expectations, CLSA expects any good news to boost the share price.