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Fly News Breaks for March 16, 2016
CBS
Mar 16, 2016 | 05:48 EDT
After CBS announced the potential sale of its radio business at yesterday's investor day, Piper Jaffray analyst Stan Meyers says he estimates the unit is worth $2.5B-$2.7B. The analyst left yesterday's meeting more optimistic on the company's long-term outlook and reiterates an Overweight rating on the name with a $60 price target.
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