Market Overview

UPDATE: Goldman Sachs Raises PT to $53 on Viacom


In a research note, Goldman Sachs reiterates its Buy rating on Viacom Inc. (NYSE: VIA.B) and raises its price target to $53 from $51 as increased buyback overshadows advertising and ratings weakness.

According to Goldman, “Viacom reported 4QFY2011 EPS of $1.06, above GS/consensus estimates of $0.99/$1.02 driven by better-than-expected Film revenue; cable ad growth of 7% was slightly below GS/consensus estimates of 9%. VIA increased its share repurchase authorization from $4 bn to $10 bn, of which $7.5 bn remains and VIA expects to complete over the next 8-10 quarters. We raise our FY12 and FY13 EPS by 0.5% and 6% to $4.33 and $5.24 due to the higher share repurchase and introduce FY14 EPS of $6.30.”

VIA.B edged up 8.21 percent to close at $43.61 on Thursday.


Related Articles (VIA.B)

View Comments and Join the Discussion!

Posted-In: Goldman SachsAnalyst Color Earnings News Price Target Analyst Ratings

Latest Ratings

UBERRBC CapitalMaintains50.0
WIXJMP SecuritiesMaintains363.0
CVIJP MorganInitiates Coverage On22.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at