Corus Entertainment Inc T.CJR.B

Price Target Cut

[alhiemstra]

Corus Entertainment Inc Price Target Cut to C$7.00/Share From C$8.00 by RBC Capital

[Puma1back]

They are looking for $412 million top line & $127 million for ebit. will be interesting-

[Puma1back]

so RBC saw Revenues growrth as a plus but ebit compression as an overall " minor negative" for the quarter , thus supporting their earlier decision to reduce the target from $8 to $7 as noted below.  

[ratsnake220]

ON RECORD....as a ad agency guy.....i slammed the buys and particulatly the TD analyst who always was 20% higher than others because they have a relationship with Corus....so let me repeat this...SLOW DOWN IN ECONOMY.....AD STOCKS GET CRUSHED.....What are the bulls possibly seeing,....this should be a outright sell....i said it a year ago and i will say it again

[Puma1back]

  no offence here ratsnake, but your current thesis is that if there is a recession, sell the stock as ads are effected by a recession. that thesis is pretty much applicable to just about any stock so im not sure where the insight is shedding any light? the houses all reduced their targets by 15% or so to reflect the very issue you raise, so i don't understand your other theory