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CBS

CBS

$60.99

0.81 (1.35%)

17:45
12/05/16
12/05
17:45
12/05/16
17:45

CBS management to meet with JPMorgan

Group dinner to be held in New York on December 5 hosted by JPMorgan.

  • 05

    Dec

  • 05

    Dec

  • 12

    Dec

CBS CBS
$60.99

0.81 (1.35%)

11/30/16
SBSH
11/30/16
NO CHANGE
SBSH
Buy
Citi lays out Viacom merger scenarios, hikes CBS target to $75
Citi analyst Jason Bazinet laid out three scenarios that he sees as most likely in terms of CBS (CBS) and Viacom (VIA) merging, as he expects to happen. His "base case," to which he assigns a 75% chance, is that CBS acquires Viacom in an all-stock transaction with no premium and $500M in synergies. Bazinet sees a 15% chance that CBS buys Viacom and pares its cable networks to just six key properties. He also sees a chance, but only assigns a 5% likelihood, to CBS selling "the lion's share" of Viacom assets, including Paramount. Weighting all these scenarios, Bazinet increased his price target on CBS shares to $75 from $59 and keeps a Buy rating on the stock, while trimming his target on Viacom to $40 from $41and maintaining a Neutral rating on its shares.
11/23/16
11/23/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. CBS (CBS) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Salmon citing valuation and his belief that the shares will soon begin to trade based on a potential deal with Viacom (VIA, VIAB). 2. Abercrombie & Fitch (ANF) downgraded to Sell from Hold at Deutsche Bank with analyst Tiffany Kanaga saying the Abercrombie brand turnaround is yet to gain traction. 3. Twitter (TWTR) downgraded to Negative from Mixed at OTR Global. 4. HP Inc. (HPQ) downgraded to Hold from Buy at Jefferies with analyst James Kisner citing valuation and secular challenges for the downgrade. 5. First Solar (FSLR) downgraded to Neutral from Outperform at Macquarie with analyst Gurpreet Gujral citing a lack of catalysts after the company canceled the Series 5 product that was originally scheduled to launch in 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/23/16
BMOC
11/23/16
DOWNGRADE
BMOC
Market Perform
CBS downgraded on valuation, deal outlook at BMO Capital
As noted earlier, BMO Capital downgraded CBS (CBS) to Market Perform from Outperform. Analyst Daniel Salmon downgraded the stock based on valuation and his belief that the shares will soon begin to trade based on a potential deal with Viacom (VIA, VIAB). Target $63.
11/23/16
BMOC
11/23/16
DOWNGRADE
BMOC
Market Perform
CBS downgraded to Market Perform from Outperform at BMO Capital

TODAY'S FREE FLY STORIES

FCX

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  • 24

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SOHU

Sohu.com

$39.35

0.1 (0.25%)

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JELD

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$29.48

0.48 (1.66%)

05:33
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REVG

REV Group

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0.37 (1.36%)

05:32
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REVG

REV Group

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JAG

Jagged Peak Energy

$13.50

-0.08 (-0.59%)

05:30
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JAG

Jagged Peak Energy

$13.50

-0.08 (-0.59%)

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JAG

Jagged Peak Energy

$13.50

-0.08 (-0.59%)

05:29
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JAG

Jagged Peak Energy

$13.50

-0.08 (-0.59%)

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JAG

Jagged Peak Energy

$13.50

-0.08 (-0.59%)

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JAG

Jagged Peak Energy

$13.50

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AFLYY

Air France-KLM

$6.83

0.29 (4.43%)

05:25
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ENGGY

Enagas

$12.34

-0.0699 (-0.56%)

05:24
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Downgrade
Enagas rating change  »

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CRBP

Corbus Pharmaceuticals

$8.85

0.55 (6.63%)

04:55
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Conference/Events
CLSA automotive analyst holds an analyst/industry conference call »

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AGR

AVANGRID

$40.91

0.13 (0.32%)

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LHCG

LHC Group

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HNI

HNI Corporation

$46.09

0.04 (0.09%)

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KN

Knowles

$19.42

0.14 (0.73%)

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  • 21

    Feb

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General news
Breaking General news story  »

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General news
Breaking General news story  »

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