Goldman Sachs analyst Michael Ng raised the firm’s price target on Versant Media (VSNT) to $42 from $37 and keeps a Neutral rating on the shares. The company’s Q1 EBITDA beat on operating expense, content licensing, and advertising, the analyst tells investors in a research note. Versant is demonstrating the value of having a news-focused network portfolio and early execution against its core growth strategy in Platforms, the firm added.
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