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Cowen Cuts Price Target Reflecting Caution Around CBS Corp. (CBS) Broadcast Advertising and Content Licensing
October 26, 2015 7:22 AM EDTCowen reiterated an Outperform rating on CBS (NYSE: CBS), and cut the price target to $61.00 (from $63.00), reflecting incremental caution around broadcast advertising and content licensing. Earnings estimates for CBS have been declining for over a year now; consensus has gone from expecting $4... More
