CBS (CBS) PT Lowered to $72 at Imperial Capital
Imperial Capital analyst David Miller lowered the price target on CBS (NYSE: CBS) to $72.00 (from $75.00) while maintaining a Outperform rating.
The firm is slightly lowering FY19 estimates due to an increase in inter-company eliminations and lower FY20 estimates are due to higher SG&A and higher promotional spending for CBS’ various streaming services.