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CBS

CBS

$60.93

0.64 (1.06%)

, VIA

Viacom

$41.60

0.15 (0.36%)

08:31
11/23/16
11/23
08:31
11/23/16
08:31

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.

CBS

CBS

$60.93

0.64 (1.06%)

VIA

Viacom

$41.60

0.15 (0.36%)

VIAB

Viacom

$37.23

0.02 (0.05%)

  • 05

    Dec

CBS CBS
$60.93

0.64 (1.06%)

11/04/16
RBCM
11/04/16
NO CHANGE
RBCM
CBS Q3 results 'fired on all cylinders,' says RBC Capital
RBC Capital analyst Steven Cahall says that CBS' Q3 results "knocked the cover off the ball," as the company benefited, from among other things, strong ad trends and strong retrans growth. The analyst thinks that the stock is in the midst of a positive turning point. He keeps a $70 price target and Outperform rating on the stock.
11/14/16
BMUR
11/14/16
DOWNGRADE
BMUR
Hold
Viacom downgraded to Hold from Buy at Brean Capital
Brean Capital analyst Alan Gould downgraded Viacom (VIAB) to Hold with a fair value estimate for shares of $40. The analyst questions the "true synergies" between Viacom and CBS (CBS) and believes combining the two companies does not maximize value. Viacom closed Friday up 41c to $38.42.
11/15/16
11/15/16
DOWNGRADE
Target $44

Market Perform
Viacom downgraded to Market Perform from Outperform at FBR Capital
FBR Capital analyst Barton Crockett downgraded Viacom (VIAB) to Market Perform saying he sees a better risk/reward in CBS (CBS) until the "merger noise is cleared." The analyst lowered his price target for Viacom shares to $44 from $56.
11/23/16
BMOC
11/23/16
DOWNGRADE
BMOC
Market Perform
CBS downgraded to Market Perform from Outperform at BMO Capital
VIA Viacom
$41.60

0.15 (0.36%)

10/17/16
WEDB
10/17/16
UPGRADE
Target $46
WEDB
Outperform
Viacom upgraded to Outperform from Neutral at Wedbush
Wedbush analyst James Dix upgraded Viacom (VIAB) to Outperform citing increasing likelihood of a merger with CBS (CBS). The analyst assigns a 75% probability on a merger, which he assumes would be an all-stock transaction. He raised his price target for Viacom shares to $46 from $40.
10/20/16
BMUR
10/20/16
NO CHANGE
Target $65
BMUR
Buy
CBS extraordinarily well positioned, says Brean Capital
Brean Capital analyst Alan Gould said CBS (CBS) is extraordinarily well positioned with two core networks, predictable retrans/reverse comp driving growth and only modest programming expense increases as its key sports contracts are locked in. Gould believes CBS would only combine with Viacom (VIA) if it was financially favorable to CBS shareholders and management. Gould reiterated his Buy rating and $65 price target on CBS shares.
VIAB Viacom
$37.23

0.02 (0.05%)

11/14/16
11/14/16
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. AB InBev (BUD) downgraded to Hold from Buy at HSBC with analyst Anthony Bucalo citing business pressures in the U.S. and Brazil as well as uncertainty post the U.S. election. 2. Abercrombie (ANF) and American Eagle (AEO) downgraded to Peer Perform from Outperform at Wolfe Research. 3. Capital One (COF) downgraded to Hold from Buy at Stifel with analyst Christopher Brendler saying he believes that the stock has become less attractive following its recent rally, and he thinks that changes made by the Trump Administration won't be felt by the company "for years." 4. SeaWorld (SEAS) downgraded to Neutral from Buy at Citi with analyst Jason Bazinet saying the risk/reward is no longer compelling following the recent bounce in the shares. 5. Viacom (VIAB) downgraded to Hold from Buy at Brean Capital with analyst Alan Gould questioning the "true synergies" between Viacom and CBS (CBS) and believes combining the two companies does not maximize value. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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CYTX

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UBS

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  • 30

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SPX

S&P 500

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DHI

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SDR

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MLNX

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