Caris Downgrades Viacom (VIA) to Below Average
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In addition to the weakness in the broader markets, shares of Viacom (NYSE: VIA) (NYSE: VIA.B) are also falling today on the back of a Caris & Co. downgrade from Average to Below Average.
The analyst cited the stocks recent run-up (up 22% since the beginning of '09) and said he was also concerned that Viacom's slate of films following the new Transformers, "is starting to receive negative chatter".
Shares of Viacom most recently traded at $23.36, down 4.8% from Friday's closing price.
To see all the analyst action on shares of Viacom, visit our Analyst Ratings page.
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