TD Newcrest Upgrades Corus Entertainment (CJR) to Action List Buy
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TD Newcrest upgrades Corus Entertainment Inc. (NYSE: CJR) from Buy to Action List Buy with a C$19.00 price target, citing valuation. The firm said investors have done well buying Corus in the low 7x EBITDA range.
The said highly visible momentum from the pay franchise coupled with conservative leverage, good assets an attractive content assets make Corus a core holding in the space.
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