Wells Fargo upgrades ViacomCBS to overweight, says streaming can boost stock by more than 50%

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Jesse Pound@/in/jesse-pound@jesserpound
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The ViacomCBS logo is displayed on the Nasdaq MarketSite to celebrate the company's merger, in New York, December 5, 2019.
Brendan McDermid | Reuters

Early streaming success for ViacomCBS is proving critics wrong and turning the company into a major player in the media space, according to Wells Fargo.