Viacom Rally Won’t Last: Bernstein

Viacom (VIAB) shares have rallied lately, jumping 23% since the start of the year. But the good times can’t last, warns Alliance Bernstein’s Todd Juenger.

Juenger reiterated an Underperform rating and  $31 price target on Viacom Friday, writing that while the stock has benefited from stock-specific catalysts–including new management and its turnaround efforts–as well as larger macro tailwinds–he doesn’t think that there’s any way to turn Viacom around while still preserving equity value. 
Source: Barrons

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