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UPDATE: Deutsche Bank Raises PT on Viacom on Value Play Status

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UPDATE: Viacom Posts Downbeat Q1 Revenue
Earnings Scheduled For January 29, 2015
Surging Yields Of Viacom (Seeking Alpha)

In a report published Monday, Deutsche Bank analyst Doug Mitchelson reiterated a Buy rating on Viacom (NASDAQ: VIAB), and raised the price target from $86.00 to $93.00.

In the report, Deutsche Bank noted, “We see Viacom as the only value play in our Media coverage, trading at a 4x P/E discount (14x CY13E vs. sector 18x). This despite the NICK ratings rebound and now ad turnaround. We expect the discount to narrow as investors gain confidence in viewership (NAN, MTV and CMT also all growing nicely); a meaningful better upfront to drive FY14, and a surprise planned repurchase of 10% of shrs out the next 6 mos. Maintain Buy.”

Viacom closed on Friday at $79.17.

Latest Ratings for VIAB

DateFirmActionFromTo
Jan 2015BarclaysMaintainsUnderweight
Jan 2015Societe GeneraleInitiates Coverage onHold
Jan 2015Morgan StanleyDowngradesUnderweight

View More Analyst Ratings for VIAB
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Doug MitchelsonAnalyst Color Price Target Analyst Ratings

 

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