FuboTV price target raised to $3 from $2.30 at Roth MKM

Roth MKM analyst Darren Aftahi raised the firm’s price target on FuboTV to $3 from $2.30 and keeps a Neutral rating on the shares. The company’s Q2 results outperformed and cash burn narrowed to $75M, the analyst tells investors in a research note. FuboTV showed positive progress in terms of narrowing losses and improvement in advertising, “but there is still a long way to go on both fronts,” contends the firm.