It’s a “buy” for CBS, says veteran financial analyst Tony Wible.
Wible, who joined Drexel Hamilton as a senior equity research analyst in February following stints at Janney Montgomery Scott and Citigroup Investment Research, also set a $65 target price on CBS shares.
That’s good news for a company that will likely soon spin off its radio stations, allowing it to withstand challenges its competitors may have a more difficult battle with.
