Viacom beats estimates but faces distribution headwinds
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Viacom (VIAB) PT Lowered to $42 at BMO Capital; Reiterates Market Perform
May 5, 2017 10:00 AM EDTBMO Capital lowered its price target on Viacom (NASDAQ: VIAB) to $42.00 (from $44.00) while maintaining a Market Perform rating.
Analyst Daniel Salmon believes that caution remains warranted on the outlook for Viacom's affiliate fee growth.
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