Barrington Research Upgrades CBS Outdoor (CBSO) to Outperform

Barrington Research upgraded CBS Outdoor Americas Inc. (NYSE: CBSO) from Market Perform to Outperform with a price target of $38.00.

Analyst James C. Goss said, "Double-digit declines in the Content sector have reversed the strong market performances that characterized this group in 2013. TWX has been the exception within our sector coverage. About two months ago, at the time we recast our targets to move an additional year out, we decided to reduce our rating on CBSO on the premise the stock had gotten somewhat ahead of itself, gaining 21% in five months and achieving our yearend target while moving closer to our 2015 target. The stock has since retraced that gain, and we are returning to an OUTPERFORM rating with a 2015-based target price of $38."

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

Shares of CBS Outdoor Americas Inc. closed at $29.64 yesterday.

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