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Fly News Breaks for February 15, 2019
CBS
Feb 15, 2019 | 08:40 EDT
Benchmark analyst Daniel Kurnos said CBS reported "soft" Q4 results, as expected, noting that a lack of licensing deals overshadowed a relatively healthy underlying advertising market. CBS made a "bold call" for 25M All Access and Showtime subs by 2022, versus consensus at 13M, noted Kurnos, who thinks the company's content investments are paying off in "non-traditional ways." Kurnos keeps a Buy rating and $71 price target on CBS shares, adding that he continues to view the stock as one of his best value media ideas.
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