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Fly News Breaks for November 2, 2018
CBS
Nov 2, 2018 | 12:52 EDT
Imperial Capital analyst David Miller raised his price target for CBS to $76 and maintains an Outperform rating on the shares following the company's Q3 results. The analyst raised his estimates citing the "strong" results and sees "plenty of catalysts" for the stock. Those include a "political advertising windfall" in the current quarter, CBS' broadcast of the Superbowl in 2019, and higher rate card growth for retransmission consent, Miller tells investors in a research note.
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