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Fly News Breaks for September 10, 2015
CBS
Sep 10, 2015 | 06:44 EDT
Deutsche Bank analyst Bryan Kraft upgraded CBS to Buy citing a "depressed" multiple and expectations for accelerating earnings growth. Cost pressures are easing, ad revenue expectations are achievable and Showtime's over-the-top service should be an earnings driver in 2016, Kraft tells investors in a research note. He believes CBS's earnings growth is at an inflection point and sees limited risk to earnings estimates. The analyst cut his price target for shares to $60 from $67.
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