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Stock impact report

Loop Capital reiterates Buy on 'production machine' CBS [Seeking Alpha]

Via Renewables, Inc. - Class A (VIA) 
US:NASDAQ Investor Relations: ir.viacom.com
Company Research Source: Seeking Alpha
Loop Capital sat down to dinner with CBS CEO Les Moonves, and came out of it with a reiteration of the broadcaster as a top pick . The firm hosted an executive dinner with Moonves and IR chief Adam Townsend, and came away impressed with an "absolute production machine" that is seeing an uptick in shows produced or co-produced (to 54, up from 41 last year and 33 the year before). The company is "strategically complete," analyst David Miller says, recapping what Moonves often says when talk about a re-merger with Viacom ( VIA , VIAB ) comes up, but it may be open to TV station M&A if FCC chief Ajit Pai acts on relaxing the 39% ownership cap, as he's alluded to. Shares today; Miller has a $78 price target, implying 19% upside from here. Now read: Understanding (And Trying To Play) Viacom's Increasingly Bizarre Spread » Show less Read more
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