Viacom Downgraded to "Neutral" at Wedbush (VIAB)

Viacom Downgraded to “Neutral” at Wedbush (VIAB)


Wedbush reported on Thursday that they have lowered their rating on entertainment company, Viacom, Inc.(VIAB).

The firm has downgraded VIXB from “Outperform” to “Neutral,” and has given the company a $63 price target. This price target suggests a 8% upside to the stock’s current price of $58.

Analysts have downgraded the stock, stating that there is limited growth to their price target. The firm sees the company having positive catalysts in FY2013 or FY2014 rather than in the next two quarters.

Viacom shares were down 79 cents, or -1.33% during Thursday morning trading. The stock has increased 19.5% in the past year.

The Bottom Line
Shares of Viacom, Inc.(VIAB) have a 1.90% yield, based on Thursday morning’s price of $58.

Viacom, Inc.(VIAB) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today