ViacomCBS Announces Expanded Distribution Agreement with Hulu
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ViacomCBS (VIAC) PT Raised to $42 at Guggenheim as Streaming Momentum Continued
January 6, 2021 6:42 AM ESTGuggenheim analyst Michael Morris raised the price target on ViacomCBS (NASDAQ: VIAC) to $42.00 (from $33.00) while maintaining a Buy rating.
The analyst commented, "On May 18, 2020, we outlined our view of three key needs for ViacomCBS to build investor confidence following the companys merger and... More
Guggenheim Positive on ViacomCBS's (VIAC) Expanded Hulu Carriage Agreement
January 4, 2021 12:54 PM ESTGuggenheim analyst Michael Morris reiterated a Buy rating on ViacomCBS (NASDAQ: VIAC) after the company announced an expanded multi-year distribution agreement with Hulu to include 1) continued carriage of CBS broadcast stations, legacy CBS networks, and Showtime distribution and 2) incremental carriage of fourteen legacy Viacom... More
