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CBS

CBS

$56.07

1.63 (2.99%)

12:45
09/09/18
09/09
12:45
09/09/18
12:45

CBS near settlement that will end NAI fight, cut ties with Moonves, CNBC says

CBS' board of directors is near completion of a settlement that would end its litigation with its controlling shareholder National Amusements and sever ties with long time CEO Leslie Moonves, according to CNBC, citing people familiar with the matter. The talks are described as fluid, but the parties hope to complete a settlement prior to the start of trading on Monday morning, the publication added.Reference Link

  • 11

    Sep

  • 27

    Sep

CBS CBS
$56.07

1.63 (2.99%)

08/27/18
BMOC
08/27/18
NO CHANGE
Target $65
BMOC
Outperform
CBS digital initiatives becoming clearer, says BMO Capital
BMO Capital analyst Daniel Salmon kept his Outperform rating and $65 price target on CBS after his investor meeting with the company's CEO and CFO last week. Salmon says that while his estimates are also unchanged, the discussions added to his visibility around the company's digital initiatives. Specifically, the analyst notes the "multiple drivers underpinning the increase of CBS's DTC subscriber targets, the robust incremental international opportunity for All Access, and a solid advertising growth rooted in premium content".
09/06/18
KEYB
09/06/18
NO CHANGE
KEYB
CBS/NAI settlement would likely be slight negative for Viacom, says KeyBanc
KeyBanc analyst Andy Hargreaves notes that several news outlets are reporting that CBS (CBS) and National Amusements are in settlement discussions that would, if completed, end the current litigation and end National Amusements' push to re-merge CBS with Viacom (VIAB) for a period of time. Although details are likely to be critical, the analyst would view this basic outline as a slight positive for CBS and a slight negative for Viacom. Absent a re-merger with CBS, Hargreaves believes a breakup and asset disposal would be the best path to maximize value at Viacom, which National Amusements has shown no interest in to date.
09/07/18
IMPC
09/07/18
NO CHANGE
Target $71
IMPC
Outperform
CBS agenda put in place by Moonves likely to continue, says Imperial Capital
The likely appointment of Chief Operating Office Joe Ianiello as interim CEO following the departure of Les Mooves, as reported yesterday by CNBC and others, implies that the strategic agenda put in place by Moonves over the past five years will probably continue, Imperial Capital analyst David Miller tells investors in a research note. He notes that if CBS issued $100M in stock from its treasury for Mooves' reported exit package, it would equate to an increase in the diluted share count of 1.92M shares. In theory, though, CBS could simply increase the pace of its buyback in order to counter the dilution, Miller points out. He keeps an Outperform rating on CBS with a $71 price target.
09/07/18
LOOP
09/07/18
NO CHANGE
Target $60
LOOP
Buy
CBS worth 'at least $60 per share even without CEO Moonves', says Loop Capital
Loop Capital analyst Alan Gould keeps his Buy rating and $60 price target on CBS (CBS), saying the stock is worth at least that in spite of the press speculation surrounding the board's efforts to replace CEO Les Moonves. The analyst believes that most top executives will stay with the company if Dick Parsons is named Chairman and Joe Ianniello as interim CEO. Gould adds that CBS can earn $6 per share as a stand-alone company and grow earnings at mid-teen rate by expanding its OTT business. The analyst also notes that the stock could be worth "at least in mid-$70's" if a company other than Viacom (VIAB) sought to merge with CBS.

TODAY'S FREE FLY STORIES

CNCE

Concert Pharmaceuticals

$13.69

0.16 (1.18%)

, ACRS

Aclaris Therapeutics

$6.99

-0.31 (-4.25%)

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12/18
06:33
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06:33
Recommendations
Concert Pharmaceuticals, Aclaris Therapeutics analyst commentary  »

Concert remains…

CNCE

Concert Pharmaceuticals

$13.69

0.16 (1.18%)

ACRS

Aclaris Therapeutics

$6.99

-0.31 (-4.25%)

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CPK

Chesapeake Utilities

$87.88

-5.12 (-5.51%)

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SMSI

Smith Micro

$1.97

-0.11 (-5.29%)

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EPZM

Epizyme

$5.94

0.08 (1.37%)

, GSK

GlaxoSmithKline

$37.07

-0.54 (-1.44%)

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Hot Stocks
Epizyme earns $8M milestone payment from GlaxoSmithKline »

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EPZM

Epizyme

$5.94

0.08 (1.37%)

GSK

GlaxoSmithKline

$37.07

-0.54 (-1.44%)

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FLS

Flowserve

06:29
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06:29
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ITW

Illinois Tool Works

$128.13

-2.89 (-2.21%)

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06:29
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Illinois Tool Works rating change  »

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HUBB

Hubbell

$102.51

-0.405 (-0.39%)

06:28
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06:28
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Hubbell rating change  »

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NSANY

Nissan

$0.00

(0.00%)

, RNSDF

Renault

$0.00

(0.00%)

06:27
12/18/18
12/18
06:27
12/18/18
06:27
Periodicals
Nissan CEO to meet with Renault boss in Amsterdam, Reuters reports »

Nissan (NSANY) CEO Hiroto…

NSANY

Nissan

$0.00

(0.00%)

RNSDF

Renault

$0.00

(0.00%)

MMTOF

Mitsubishi Motors

$0.00

(0.00%)

03/08/13
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  • 07

    Jan

HST

Host Hotels

$17.31

-0.46 (-2.59%)

06:21
12/18/18
12/18
06:21
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06:21
Upgrade
Host Hotels rating change  »

Host Hotels upgraded to…

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PSA

Public Storage

$199.42

-4.07 (-2.00%)

06:20
12/18/18
12/18
06:20
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06:20
Upgrade
Public Storage rating change  »

Public Storage upgraded…

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CUBE

CubeSmart

$30.16

-1.22 (-3.89%)

06:19
12/18/18
12/18
06:19
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06:19
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CubeSmart rating change  »

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INVH

Invitation Homes

$20.75

-0.62 (-2.90%)

06:19
12/18/18
12/18
06:19
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06:19
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Invitation Homes rating change  »

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LSI

Life Storage

$98.10

-3.19 (-3.15%)

06:19
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12/18
06:19
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06:19
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Life Storage rating change  »

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LGF.A

Lionsgate

$15.06

-0.53 (-3.40%)

, LGF

Use LGF.A, LGF.B

$0.00

(0.00%)

06:16
12/18/18
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06:16
Upgrade
Lionsgate, Use LGF.A, LGF.B, Lionsgate rating change  »

Lionsgate upgraded to Buy…

LGF.A

Lionsgate

$15.06

-0.53 (-3.40%)

LGF

Use LGF.A, LGF.B

$0.00

(0.00%)

LGF.B

Lionsgate

$14.01

-0.48 (-3.31%)

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ELAN

Elanco

$31.76

-0.63 (-1.95%)

06:14
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12/18
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06:14
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Elanco CEO says 'well positioned to grow top line revenue' »

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  • 18

    Dec

CS

Credit Suisse

$10.94

-0.155 (-1.40%)

06:14
12/18/18
12/18
06:14
12/18/18
06:14
Periodicals
Credit Suisse advises clients to mull shifting assets out of UK, FT reports »

Private bankers at Credit…

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  • 09

    Jan

ELAN

Elanco

$31.76

-0.63 (-1.95%)

06:12
12/18/18
12/18
06:12
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06:12
Earnings
Elanco sees FY19 adjusted EPS $1.02-$1.12 »

Sees FY19 revenue…

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  • 18

    Dec

ORCL

Oracle

$45.72

-0.9 (-1.93%)

06:12
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12/18
06:12
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06:12
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Oracle analyst commentary  »

Oracle posted 'solid…

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RDWR

Radware

$22.62

-0.17 (-0.75%)

06:08
12/18/18
12/18
06:08
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06:08
Hot Stocks
Radware announces deal with financial information technology provider »

Radware announced a…

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ATGE

Adtalem Global Education

$50.01

-1.14 (-2.23%)

06:08
12/18/18
12/18
06:08
12/18/18
06:08
Recommendations
Adtalem Global Education analyst commentary  »

Adtalem called a top…

03/08/13
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LMT

Lockheed Martin

$279.17

-8.54 (-2.97%)

06:08
12/18/18
12/18
06:08
12/18/18
06:08
Periodicals
Japan to purchase 100 additional F-35 stealth fighters, FT reports »

Japan has said it will…

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ELAN

Elanco

$31.76

-0.63 (-1.95%)

06:06
12/18/18
12/18
06:06
12/18/18
06:06
Earnings
Elanco reaffirms FY18 adjusted EPS view $1.14-$1.16, consensus $1.21 »

Reaffirms FY18 revenue…

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  • 18

    Dec

HTGC

Hercules Capital

$10.83

-0.53 (-4.67%)

06:05
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Hercules Capital announces $25M share repurchase program »

Hercules Capital…

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LXFR

Luxfer

$21.42

-1.26 (-5.56%)

06:03
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12/18
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Hot Stocks
Luxfer to acquire Neo Performance Materials for $612M in cash and stock »

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JNJ

Johnson & Johnson

$129.11

-3.75 (-2.82%)

06:02
12/18/18
12/18
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06:02
Hot Stocks
J&J CEO Alex Gorsky: 'We know our talc is safe,' 'does not cause cancer' »

Johnson & Johnson CEO…

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  • 05

    Jan

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