Option Millionaires

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$FUBO

FuboTV price target lowered to $45 from $50 at BMO Capital
BMO Capital analyst Daniel Salmon lowered the firm's price target on FuboTV to $45 from $50 and keeps a Market Perform rating on the shares after its Q4 results. The company's ARPU was strong and its subscriber results and guidance topped expectations, but the revenue guidance for 20201 implies a "more moderate" ARPU growth than previously modeled, the analyst tells investors in a research note. Salmon adds that FuboTV's betting outlook was largely as and could be a catalyst if the "roadmap is executed more quickly", but he also warns that a downside catalyst from weaker-than-expected subs is a risk