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Fly News Breaks for April 27, 2017
CBS
Apr 27, 2017 | 09:03 EDT
Wedbush analyst James Dix says that CBS' ratings and revenue could be adversely affected if a threatened writers' strike materializes. However, the analyst says that the stock's valuation "largely compensates" for this risk. His 2017 and 2018 estimates for the company, which assume a strike does not occur, are above consensus levels. He keeps a $77 price target and an Outperform rating on the shares.
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