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Wedbush Securities Reiterates Outperform Rating, $50 PT on CBS Corporation on In-Line Trends

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In a report published Friday, Wedbush Securities reiterated its Outperform rating and $50.00 price target on CBS Corporation (NYSE: CBS).

Wedbush Securities noted, “Our 2013E EPS goes to $2.95 from $2.89 (Street: $2.92). Higher forecast share repurchases – now $1bn in 1Q13, vs. prior $260m – more than offset slightly lower Entertainment and Cable OIBDA estimates, on lower margin expansion outlook. Management affirmed it is pursuing all options for Outdoor Americas, including REIT conversion, which it is confident can be completed by the beginning of 2014.”

CBS Corporation closed on Thursday at $42.94.

Latest Ratings for CBS

DateFirmActionFromTo
Jul 2015Pivotal ResearchDowngradesBuyHold
Jun 2015Credit SuisseInitiates Coverage onOutperform
May 2015JefferiesMaintainsBuy

View More Analyst Ratings for CBS
View the Latest Analyst Ratings

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