October 2, 2014 8:01 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Thursday, Bank of America analyst Jessica Reif Cohen reiterated a Buy rating on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
CBS Corporation (NYSE: CBS), but lowered the price target from $80.00 to $70.00.In the report, Bank of America noted, “We anticipate CBS' 3Q14E will show PF declines in revenue and EBITDA, as another soft adv. Q and tough SVOD/PPV comps flow through amidst elevated prog. costs. Key drivers incl.: (1) softer CBS Network rev. growth of +2% Y/Y (vs. +15% prev.), a function of low single digit adv. declines partially offset by $20-25mn of incremental retrans/reverse comp., (2) softer Syndication (-8% vs. +3% prev.), now better reflecting last year's NCIS: Los Angeles and The Good Wife syndication sales, (3) a low-single digit EBITDA decline at Cable Nets, as underlying growth + Californication and int'l syndication sales are offset by last year's Mayweather PPV and Dexter SVOD sale,(4) higher summer prog. costs + NFL step up and Thurs. Night costs, (5) weak Publishing (on tough comps), (6) stable Radio, (7) solid Local TV (+10%) on NFL/political and (8) $375mn in buybacks (vs. $200mn prev.).”CBS Corporation closed on Wednesday at $52.81.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.