UPDATE: Morgan Stanley Reiterates Equal-Weight Rating, Raises PT on Viacom on Positive Mid-Year Outlook

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

In a report published Tuesday, Morgan Stanley analyst Benjamin Swinburne reiterated an Equal-Weight rating on Viacom (NASDAQ: VIAB), and raised the price target from $91.00 to $94.00.In the report, Morgan Stanley noted, “Over the last three FYs, roughly 70% of Viacom's 13% EPS growth has come through buybacks, which we expect to continue to fuel growth against a backdrop of softening ratings. This suggests VIA's below peer P/E is appropriate. Remain EW, raising PT to $94 as we move to mid-year ‘15.”Viacom closed on Tuesday at $85.03.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!