Market Overview

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

Share:
Related CBS
Investors Ponder The Possibility Of A Viacom-CBS Recombination
CBS Ends Week Strong With 'MacGyver' As Rest Of Networks See Soft Starts
With IPO planning under way, CBS Radio setting $1.5B debt offering (Seeking Alpha)

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
Sep 2016Telsey Advisory GroupDowngradesOutperformMarket Perform
Sep 2016Drexel HamiltonInitiates Coverage onBuy
Jul 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for CBS
View the Latest Analyst Ratings

Posted-In: Wedbush SecuritiesAnalyst Color Reiteration Analyst Ratings

 

Related Articles (CBS)

View Comments and Join the Discussion!