CBS (CBS) PT Lowered to $72 at Imperial Capital
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Price: $40.77 --0%
Rating Summary:
20 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 24
Rating Summary:
20 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 24
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Imperial Capital analyst David Miller lowered the price target on CBS (NYSE: CBS) to $72.00 (from $75.00) while maintaining a Outperform rating.
The firm is slightly lowering FY19 estimates due to an increase in inter-company eliminations and lower FY20 estimates are due to higher SG&A and higher promotional spending for CBS’ various streaming services.
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