UBS Reiterates a 'Buy' on CBS (CBS); 1Q Blowout – Raising Estimates
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Price: $40.77 --0%
Rating Summary:
20 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
20 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS reiterates a 'Buy' on CBS (NYSE: CBS), PT increased from $28 to $30.
UBS analyst says, "CBS reported 1Q EPS of $0.29 vs. our $0.21 estimate (Street: $0.19) with the upside driven by network ($0.01/sh), cable ($0.03) and local ($0.03). With the strength in 1Q expected to continue to 2Q, we are raising our 2Q/ ’11E EPS to $0.44 (prior $0.41)/ $1.77 (prior $1.62), respectively."
For more ratings news on CBS click here and for the rating history of CBS click here.
Shares of CBS closed at $25.24 yesterday.
UBS analyst says, "CBS reported 1Q EPS of $0.29 vs. our $0.21 estimate (Street: $0.19) with the upside driven by network ($0.01/sh), cable ($0.03) and local ($0.03). With the strength in 1Q expected to continue to 2Q, we are raising our 2Q/ ’11E EPS to $0.44 (prior $0.41)/ $1.77 (prior $1.62), respectively."
For more ratings news on CBS click here and for the rating history of CBS click here.
Shares of CBS closed at $25.24 yesterday.
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