ViacomCBS (VIAC) is benefiting from a solid portfolio of streaming services and strong viewership of PlutoTV. Its latest streaming service, Paramount+, is boosting subscriber growth. Not only this, ViacomCBS’ TV networks like Showtime, BET, Comedy Central and Nickelodeon are also witnessing strong traction among viewers. Impressed with ViacomCBS’ streaming efforts, Wells Fargo analyst Steven Cahall recently upgraded his rating on the stock to a Buy and raised the price target to $60 from $45, marking the end of a long era of bearish rating by the research firm. “A stronger balance sheet and unique mix of content (e.g.
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ViacomCBS (NASDAQ:VIAC)
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