RBC Capital Markets securities analyst David Bank says the growth of smaller, less expensive packages of TV networks could alter the current cable business model. But, he says, both the trend and its impact on traditional programmers are “somewhat overstated.” Programmers, he says, particularly broadcasters, will handily adapt and survive.
RBC Capital Markets analyst David Bank makes a gutsy call this morning by designating CBS his “top pick” stock. Shares are already trading high: CBS closed yesterday at $31.33, right around its 52-week peak and close to its top price in pre-recession 2007. Yet Bank says he expects CBS to hit $38.