CBS Corp (CBS) Receives a Buy from Guggenheim


Guggenheim analyst Michael Morris reiterated a Buy rating on CBS Corp (CBS) on February 15 and set a price target of $57. The company’s shares closed on Friday at $50.64.

According to TipRanks.com, Morris is a 4-star analyst with an average return of 10.9% and a 56.0% success rate. Morris covers the Services sector, focusing on stocks such as MSG Networks Inc, World Wrestling, and Netflix.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CBS Corp with a $61.01 average price target, which is a 20.5% upside from current levels. In a report issued on February 4, Barrington also reiterated a Buy rating on the stock with a $72 price target.

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Based on CBS Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.02 billion and net profit of $561 million. In comparison, last year the company earned revenue of $3.92 billion and had a net profit of $53 million.

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CBS Corp. operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through following segments: Entertainment, Cable Networks, Publishing, and Local Media.

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