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BofA/Merrill Lynch Upgrades Viacom (VIAB) to Buy

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Wedbush Upgrades Viacom (VIAB) to Outperform; Sees 75% Chance of Deal

October 17, 2016 7:48 AM EDT

Wedbush upgraded Viacom (NASDAQ: VIAB) from Neutral to Outperform with a price target of $46.00 (from $40.00), saying they see a 75% chance of a deal with CBS (NYSE: CBS).

Analyst James Dix commented, "... one Les company in big media... More