Analyst Touts Viacom Stock

Dec 1, 2008  •  Post A Comment

Viacom stock, which has dropped about 70% this year, will rise on guaranteed subscriber revenue and brands such as Nickelodeon, Multichannel News says, citing Pali Research analyst Richard Greenfield. The stock, which has been sold off largely because of concerns over advertising and its “mercurial” chairman Sumner Redstone, may rise about 60% to $25 a share, Multichannel News says, citing Greenfield.
—Danny King

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