Robert Bakish, chief executive officer of Viacom
Chris Ratcliffe | Bloomberg | Getty Images
Here are the biggest calls on Wall Street on Wednesday:
Rosenblatt initiated World Wrestling Entertainment as ‘buy’
Rosenblatt said the stock represents one of the best ways to play the “content is king” thesis.
“Our thesis on the media industry is content is king and view WWE as one of the best public market ways to benefit from this theme. We see the recent pullback in shares driven by concerns over ratings and quarterly estimate revisions as a buying opportunity. Catalysts for shares over the next six months include an update on international TV rights renewals and capital allocation, both of…