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Stifel Upgrades CBS On Multiple Positive Factors

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In a report published Friday, Stifel analyst Benjamin Mogil upgraded the rating on CBS Corporation (NYSE: CBS) from Hold to Buy, and named a $65.00 price target.

In the report, Stifel noted, “We are transferring coverage of CBS from our colleague Drew Crum to Ben Mogil and establishing a Buy rating and a $65 target price. We see CBS as well aligned on a number of fronts. Its NFL rights position the company well for increased reverse retransmission economics; Strong ratings and improving television production economics lower the company's effective production risk; OTT opportunities are strong on both the bundled and stand-alone channel front.”

CBS closed on Thursday at $54.47.

Latest Ratings for CBS

DateFirmActionFromTo
Feb 2019Atlantic EquitiesDowngradesOverweightNeutral
Jan 2019Moffett NathansonUpgradesNeutralBuy
Jan 2019Stephens & Co.UpgradesEqual-WeightOverweight

View More Analyst Ratings for CBS
View the Latest Analyst Ratings

Posted-In: Benjamin Mogil StifelAnalyst Color Upgrades Analyst Ratings

 

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StockFirmActionPT
PEPMorgan StanleyReiterates137.0
AZRXH.C. WainwrightMaintains7.0
PEPMacquarieMaintains138.0
POLBuckinghamMaintains36.0
BKBuckinghamMaintains53.0
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