Top Stories
Top Stories

Viacom shares ready to break out: Brean Capital

A man enters Viacom headquarters in New York.
Daniel Acker | Bloomberg | Getty Images

Viacom shares may be ready to finally break out of their trading range of the past year, driven by compelling valuations and a shift in strategy, according to analysts at Brean Capital, who upgraded the stock to buy from hold.

"In our opinion, the stock has gotten cheap enough that most, if not all, of the negatives are fully discounted into the stock price, the sentiment is negative, and there are enough potential positive catalysts that the risk/ reward ratio has become quite positive," wrote equity analyst Alan Gould in a note to clients Tuesday.