There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on CBS Corp (NYSE:CBS) and Red Robin Gourmet (NASDAQ:RRGB) with bullish sentiments.
CBS Corp (CBS)
In a report released today, Daniel Kurnos from Benchmark Co. maintained a Buy rating on CBS Corp, with a price target of $90. The company’s shares closed yesterday at $58.49.
Kurnos commented:
“We continue to believe CBS represents the best standalone content play remaining on the market and would not be surprised if a bid emerges before the stand-still expires.”
According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 11.5% and a 57.0% success rate. Kurnos covers the Services sector, focusing on stocks such as Booking Holdings Inc, Sinclair Broadcast, and 1-800 Flowers.com.
Currently, the analyst consensus on CBS Corp is a Moderate Buy with an average price target of $66.46, which is a 13.6% upside from current levels. In a report issued on October 18, Barrington also reiterated a Buy rating on the stock with a $72 price target.
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Red Robin Gourmet (RRGB)
Maxim Group analyst Stephen Anderson maintained a Buy rating on Red Robin Gourmet today and set a price target of $46. The company’s shares closed yesterday at $31.39, close to its 52-week low of $30.02.
Anderson wrote:
“We maintain our Buy rating on Red Robin Gourmet Burgers (RRGB), though lower our price target to $46, from $54, ahead of the company’s 3Q18 (September) earnings release on Tuesday, November 6 after the close.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 13.9% and a 71.8% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Red Robin Gourmet with a $43.75 average price target.
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