CBS (CBS) PT Raised to $74 at Instinet Ahead of 1Q Report
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Price: $40.77 --0%
Rating Summary:
20 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
20 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
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Instinet raised its price target on CBS (NYSE: CBS) to $74.00 (from $72.00) while maintaining a Buy rating. CBS is scheduled to report 1Q earnings report on May 4th.
1Q and FY17 EPS estimates remain unchanged owing to modestly lower corporate expenses. However, Instinet is modestly lowering 1Q17 local advertising revenue estimates on tough
YoY compares. 1Q17 Local Media revenue and OI estimates were cut to $416mn and $123mn, from $459mn and $137mn, respectively.
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