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Goldman Sachs Raises Price Target on Viacom (VIA-B)

June 17, 2009 12:07 PM EDT
VIA.B Hot Sheet
Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 12 | New: 36

Earlier, Goldman Sachs lifted their price target on Viacom, Inc. (NYSE: VIA.B) from $24 to $27, which is based on 11x their revised 'Street High' 2010 EPS estimate of $2.45. The firm also raised 2011 EPS estimates to $2.70. The firm thinks Viacom can deliver EPS growth of 20%.

Shares of Viacom are up 1% today to $22.37, which provides 21% upside to the firm's new price target.

Viacom Inc. operates as an entertainment content company principally in the United States and Europe.


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