CBS Wins Analyst Upgrade on Showtime Streaming

MarketWatch: Deutsche Bank analysts, led by Bryan Kraft, upgraded shares of CBS to buy, from hold. Kraft said in a note he sees an inflection point for CBS’s earnings per share growth with limited risk to estimates, as cost pressures ease and ad revenue expectations look achievable. Kraft expects Showtime’s standalone Internet-based service to be an earnings driver for CBS in 2016. “CBS is significantly under-monetizing the pay TV ecosystem.”