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Citizens initiates fuboTV stock coverage at outperform on Disney deal
Citizens has initiated coverage on fuboTV (NYSE:FUBO) with a Market Outperform rating and a $13.00 price target, citing its transformative combination with Hulu + Live TV. This deal is expected to provide Fubo with greater negotiating leverage, improved content packaging, and efficient growth through Disney’s ad sales and distribution. Recent developments for Fubo also include a 1-for-12 reverse stock split and varied analyst ratings from Needham, B.Riley, and Seaport Global Securities after its merger with Disney’s Hulu Live.