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Benchmark Raises PT on CBS (CBS) to $48

January 18, 2013 9:00 AM EST Send to a Friend
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Price: $58.83 -0.78%

Rating Summary:
    17 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 14 | New: 52
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Benchmark raised its price target on CBS (NYSE: CBS) from $44 to $48 following news it is converting its Outdoor Americas division into a real estate investment trust (REIT) and plans to divest its outdoor operations in Europe and Asia

"We expect at least a part of the proceeds will go towards share repurchases while REIT status should unlock further value," the analyst comments.

For an analyst ratings summary and ratings history on CBS click here. For more ratings news on CBS click here.

Shares of CBS closed at $40.95 yesterday.




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