UBS Maintains a 'Buy/Top Pick' on CBS (NYSE: CBS); Raising Numbers As Momentum Continues
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Price: $40.77 --0%
Rating Summary:
20 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
20 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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UBS maintains a 'Buy' on CBS (NYSE: CBS) price target raised from $35 to $37.
Analyst, John Janedis, said, "Q1 EPS of $0.54 came in ahead of our $0.46 (Street: $0.44) on better than expected cable ($0.03/sh) and ent ($0.01/sh) results; & below the line items. Consistent with our broader advertising thesis, local ad rev in 1Q and the guide for 2Q were both slightly below expectations and
we are tweaking 2Q EPS lower to $0.59 (from $0.60). However, given the beat in 1Q, we are raising ’12E and ’13E EPS to $2.50 and $2.84 from prior $2.44/ $2.80. CBS remains our top pick."
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 $33.42 yesterday.
Analyst, John Janedis, said, "Q1 EPS of $0.54 came in ahead of our $0.46 (Street: $0.44) on better than expected cable ($0.03/sh) and ent ($0.01/sh) results; & below the line items. Consistent with our broader advertising thesis, local ad rev in 1Q and the guide for 2Q were both slightly below expectations and
we are tweaking 2Q EPS lower to $0.59 (from $0.60). However, given the beat in 1Q, we are raising ’12E and ’13E EPS to $2.50 and $2.84 from prior $2.44/ $2.80. CBS remains our top pick."
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 $33.42 yesterday.
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