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Fly News Breaks for March 16, 2016
CBS
Mar 16, 2016 | 07:24 EDT
Jefferies analyst John Janedis raised his price target for CBS to $60 after the company at its investor day raised its 2020 retrans target to $2.5B, ahead of his $2.2B estimate. CBS is well positioned in today's media landscape, Janedis tells investors in a research note. He keeps a Buy rating on the shares.
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