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Stock Market & Financial Investment News

News Breaks
June 25, 2014
16:11 EDTVIABViacom initiated with a Buy at Jefferies
Target $100.
News For VIAB From The Last 14 Days
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August 28, 2015
10:43 EDTVIABFly Watch: 'Straight Outta Compton' expected to lead box office for third week
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August 23, 2015
16:22 EDTVIAB'Straight Outta Compton' finds little contention for No. 1 box office spot
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August 21, 2015
13:11 EDTVIABFly Watch: 'Straight Outta Compton' eyes second weekend at top spot
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August 20, 2015
06:36 EDTVIABBernstein cuts Disney, Time Warner with TV entering 'structural decline'
Bernstein analyst Todd Juenger downgraded his rating on both Disney (DIS) and Time Warner (TWX) saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. The analyst moved both companies to a Market Perform rating from Outperform, and lowered his price target for Disney to $114 from $125 and for Time Warner to $90 from $101. He called the downgrade of Time Warner a "very close call" as his new price target still represents 15% upside from current levels. Share performance in the entire Media sector will be challenged until the content owners take steps to "reclaim on-demand viewing" from streaming services like Netflix (NFLX) and use it to protect affiliate fees, Juenger argues. His Outperform-rated names are Nielsen (NLSN) and 21st Century Fox (FOXA). Along with Time Warner and Disney, the analyst has Market Perform ratings on AMC Networks (AMCX), CBS (CBS), Scripps Networks (SNI) and Discovery (DISCA). Juenger has an Underperform rating on Viacom (VIAB). Wells Fargo on Tuesday also downgraded Disney to Market Perform. Piper Jaffray this morning told investors that the recent pullback in shares of AMC Networks brings a "great" entry point into the name.
August 18, 2015
10:17 EDTVIABDisney downgraded as Wells moves away from content providers
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August 16, 2015
16:59 EDTVIAB'Straight Outta Compton' sidesteps rivals in $56.1M weekend debut
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