CBS Gets A ‘Buy’ In New Analyst Coverage

By on Sep, 7 2016 with Comments 0

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.

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About The Author: Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.

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