Roth MKM lowered the firm’s price target on FuboTV (FUBO) to $3.50 from $4.75 and keeps a Neutral rating on the shares. Q4 results met expectations with narrower losses, including $16M in free cash flow, the analyst tells investors in a research note, adding that Q1 guidance was softer due to lower North American subscribers impacted by content churn. The firm added that the removal of content and a lower sub base help narrow losses but marginalizes growth, and that the success of a skinny sports bundle strategy is the focus for second half growth.
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