- LightShed Partners analyst Richard Greenfield upgraded FuboTV Inc (NYSE:FUBO) to Neutral from Sell and removed his $6.50 price target. The re-rating follows the stock’s selloff.
- Fubo shares are down nearly 85% in 13 months while the company is sitting on $375 million of cash, Greenfield notes.
- The analyst is taking a wait-and-see approach on whether management “abandons their sports betting ‘fantasy’ to reduce the cash burn in 2022 and beyond.”
- While FuboTV shares “could very well be a zero” in the next 24 months,” the company could also put itself up for sale, mentions Greenfield.
- Price Action: FUBO shares traded higher by 9.71% at $9.72 on the last check Friday.
Equity Lifestyle Props Q2 EPS $0.33 Misses $0.35 Estimate
Equity Lifestyle Props (NYSE:ELS) reported quarterly earnings of $0.33 per share which missed the analyst consensus estimate of $0.35 by 5.71 percent. This is a 45.9 percent decrease over earnings of $0.61 per share from
