Viacom Inc. (NASDAQ:VIAB) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Monday. They presently have a $38.00 price target on the stock, down from their prior price target of $49.00. Stifel Nicolaus’ target price would suggest a potential upside of 2.70% from the company’s current price. The analysts noted that the move was a valuation call.
Source: American Banking and Market News