A top Wall Street media sector analyst is apologizing for what some may consider to be an overly dramatic opening paragraph to a highly positive report on a multiplatform video content producer and distributor that sold its radio stations to Audacy, the former Entercom Communications.
In short, despite its recent surge and fizzle with its stock price, ViacomCBS deserves an upgrade, thanks to “a surprise comeback” giving renewed optimism even as “another life-threatening swoon” leaves the market on the edge of its seats.
