BUZZ - Versant Media shares rise; Citi initiates coverage with a “Buy” rating
路透社2026/09/24 12:31September 24 - ** Shares of VSNT.O under Versant Media Group, the parent company of CNBC, rose 1.2% in pre-market trading to $33.45
** Citi initiated coverage of the stock with a “Buy” rating and a target price of $41
** The brokerage expects a risk-reward ratio of 2:1, which it considers favorable, and states that the decision to drop EPL (English Premier League) broadcasting rights could provide an upside of $8 per share
** Citi stated: “We believe a decision regarding Premier League broadcasting rights could be made between Q2 2027 and Q2 2028.”
** Of the 8 brokerages, 2 have a “Buy” or higher rating, 5 have a “Hold” rating, and 1 has a “Sell” rating; the median target price is $43—LSEG aggregated data
** As of yesterday’s close, the stock has fallen 26.6% so far this year
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