Watch BizWireTV: BuzzFeed Gets in the Smart Appliance Game and Popular Lip Sync Battle Comes to Nickelodeon with Host Nick Cannon

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Go back to Watch BizWireTV: BuzzFeed Gets in the Smart Appliance Game and Popular Lip Sync Battle Comes to Nickelodeon with Host Nick Cannon

Viacom (VIAB) PT Lowered to $43 at Jefferies After Adjusting Estimates

August 4, 2017 8:58 AM EDT

Jefferies lowered its price target on Viacom (NASDAQ: VIAB) to $43.00 (from $52.00) while maintaining a Buy rating. Despite improved ratings, advertising declined 2% in F3Q due to a 300bps headwind from reduced ad loads.

On the whole, analyst John Janedis views the... More