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Fly News Breaks for October 18, 2019
CBS
Oct 18, 2019 | 08:15 EDT
Loop Capital analyst Alan Gould lowered his price target on CBS to $50 to reflect the lower than expected projections for a "flat" FY20 outlined in the S-4 filed yesterday, saying profitability is constrained because of the company's higher investment spending. The analyst also lowers his FY20 EPS view on CBS to $5.25 from $6.42 but keeps his Buy rating on the shares given the current stock price levels.
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