Roth MKM lowered the firm’s price target on FuboTV (FUBO) to $2 from $3.25 and keeps a Neutral rating on the shares. The announcement that Warner Bros./Discovery (WBD), ESPN/Disney (DIS), and Fox Sports (FOX) are collaborating to launch a sports streaming app poses a further threat to FUBO’s sports-focused streaming, as the new app could offer a comprehensive range of channels, including those absent on FuboTV, the analyst tells investors in a research note.
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