CBS Corp (CBS) Plans Outdoor Americas Conversion to REIT; Divest Outdoor Europe Unit
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Benchmark Raises PT on CBS (CBS) to $48
January 18, 2013 9:00 AM ESTBenchmark 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... More
Wedbush Upgrades CBS (CBS) to Outperform, RIET Worth at Leat $8/Sh
January 17, 2013 7:46 AM ESTWedbush upgraded CBS (NYSE: CBS) from Neutral to Outperform with a price target of $50.00 (from $36.00), following news the company will sell its international Outdoor operations in Europe and Asia and convert the Americas outdoor division into a REIT.
The firm while there... More
Lamar Advertising (LAMR) Higher Follow CBS's REIT Announcement
January 16, 2013 6:03 PM ESTOutdoor advertising company, Lamar Advertising Co (NASDAQ: LAMR) moved higher in after-hours trading on Thursday. The move is related to news CBS (NYSE: CBS) (NYSE: CBS.A) is converting its outdoor adverting unit, which includes a large collection of billboards... More
