Wedbush raised the firm’s price target on FuboTV (FUBO) to $6 from $5 and keeps an Outperform rating on the shares. The firm believes preliminary Q2 results are encouraging, even though guidance was quite conservative. While the company still posted a year-over-year decline, Fubo should return to subscriber growth as it looks to begin offering skinny bundles later this year. Wedbush believes it is heading in the right direction, especially in terms of right-sizing its costs and achieving positive EBITDA in the quarter.
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