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Fly News Breaks for August 14, 2019
Aug 14, 2019 | 07:43 EDT
Benchmark analyst Daniel Kurnos lowered his price target on CBS (CBS) shares to $68 from $71 after the company "finally announced" a deal to recombine with Viacom (VIAB), stating that "the big reveal was met with little fanfare and perhaps even a touch of disappointment at the initial synergy forecast of $500M" following the media attention that had preceded the expected announcement. That initial synergy forecast will likely prove materially conservative, contends Kurnos, who keeps a Buy rating on CBS shares and does not cover Viacom.
News For CBS;VIA;VIAB From the Last 2 Days
Sep 15, 2019 | 16:54 EDT
"Box Office Battle" is The Fly's weekly roundup of what movies topped the weekend's box office. AT&T (T) subsidiary... To see the rest of the story go to See Story Here