Is It a Billboard or a REIT? CBS Says Both (CBS.A) (CBS)

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Go back to Is It a Billboard or a REIT? CBS Says Both (CBS.A) (CBS)

Benchmark Raises PT on CBS (CBS) to $48

January 18, 2013 9:00 AM EST

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... More

Wedbush Upgrades CBS (CBS) to Outperform, RIET Worth at Leat $8/Sh

January 17, 2013 7:46 AM EST

Wedbush 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 EST

Outdoor 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

CBS Corp (CBS) Plans Outdoor Americas Conversion to REIT; Divest Outdoor Europe Unit

January 16, 2013 4:11 PM EST

CBS Corporation (NYSE: CBS) announced a pair of strategic initiatives regarding its CBS Outdoor operating segment, which is comprised of two businesses -- one in the Americas and the other in Europe and Asia.

For the Outdoor Americas division, the Company has begun the process of... More