Citi: Viacom Is a Sell
January 14, 2015 at 11:39 AM EST
It’s a big leap when a Wall Street analyst downgrades a stock from buy to sell without at least stopping for a spell on neutral. Citi analyst Jason Bazinet, however, says it is time to sell Viacom (VIAB), cutting his investment rating from its previous Buy and slashing his price target to $62 from $88. [...]