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Fly News Breaks for July 15, 2016
CBS
Jul 15, 2016 | 06:01 EDT
UBS analyst Doug Mitchelson downgraded CBS to Sell with the shares trading above his unchanged price target of $52. The macro backdrop does not support continued TV advertising strength, Mitchelson tells investors in a research note. He expects national TV advertising excluding the Olympics to decelerate in the second half of 2016.
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