Versant Media gains; Citi initiates coverage with 'buy'
BUZZ-Versant Media gains; Citi initiates coverage with 'buy' ** CNBC parent Versant Media Group's VSNT.O shares rise 1.2% to $33.45 premarket
** Citi initiates coverage with "buy" rating; PT $41
** Brokerage expects "favorable 2:1 risk-reward" and says decision to drop EPL (English Premier League)rights could result in $8 of upside per share
** "We believe the EPL decision may occur between 2Q27 and 2Q28," Citi says
** Two of 8 brokerages rate stock "buy" or higher, 5 "hold" and 1 "sell"; their median PT is $43 - LSEG-compiled data
** Up to last day's close, shares are down 26.6% YTD
(Reporting by Sudeshna Ghoshal in Bengaluru)
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