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Fly News Breaks for November 2, 2018
CBS
Nov 2, 2018 | 09:07 EDT
RBC Capital analyst Steven Cahall raised his price target on CBS to $70 and kept his Outperform rating after its slightly better than expected Q3 results. The analyst notes that the stock is "one of the most stable names in the sector" while its valuation has been "depressed by governance issues". Cahall is also positive on CBS' increased focus on content over advertising, with the latter growing its licensing by 8% in the quarter.
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