| 2016-10-17 09:28:20|
CBS, VIAB 09:28 10/17 10/17/16
CBS price target raised to $73 from $65 at Wedbush
Wedbush analyst James Dix says that CBS (CBS) is on track to merge with Viacom (VIAB), and he thinks that such a deal would be accretive to CBS' 2020 EPS. The analyst sees a 75% chance of a merger taking place, and he thinks that CBS' stock will advance even without a deal. He keeps a Buy rating on the shares.