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Benzinga
Benzinga
Business
Priya Nigam

BofA Downgrades ViacomCBS After Streaming Investments: What Investors Need To Know

Although ViacomCBS Inc (NASDAQ:VIAC) remains an attractive target amid industry consolidation, a sale of the company is unlikely in the near term given its streaming aspirations, according to BofA Securities.

The ViacomCBS Analyst: Jessica Reif Ehrlich downgraded ViacomCBS from Buy to Neutral and lowered the price target from $53 to $39.

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