A statement released earlier today by Needham about CBS (NYSE:CBS) bumps down the target price to $70.00

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Only yesterday CBS (NYSE:CBS) traded -1.73% lower at $56.12. The company’s 50-day average is $63.34 and its two hundred day average is $64.46. With the last stock price close down -11.26% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same period. Volume of trade was down over the average, with 2,296,709 shares of CBS changing hands under the typical 2,700,140

Indicating a possible upside of 0.25%, Needham lowered the target price of CBS (NYSE:CBS) to $70.00

Previously on 08/08/2017, Benchmark reported on CBS (NYSE:CBS) upped the target price from $76.00 to $81.00. At the time, this indicated a possible upside of 0.26%.

Performance Chart


With a market cap of $0, CBS has 52 week low of $49.73 and a 52 week high of $70.10 with a PE ratio of 145.55 .

Also covering CBS's price target, a total of 1 analyst has released a ratings update on CBS. The one year target is $63.00 with zero equity analysts rating the company a strong buy, zero firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On CBS (NYSE:CBS)

CBS Corporation is a mass media company. The Company operates through four segment: Entertainment, Cable Networks, Publishing, Local Media. The Entertainment segment comprises the CBS TV Network; CBS TV Studios; CBS Studios International and CBS TV Distribution; CBS Interactive; CBS Films; and the Company's digital streaming services, CBS All Access and CBSN. The Cable Networks segment comprises Showtime Networks, which operates its subscription program services, Showtime, The Movie Channel, and Flix. The Publishing segment comprises Simon & Schuster, which publishes and distributes consumer books under imprints such as Simon & Schuster, Pocket Books, Scribner and Gallery Books. The Local Media segment comprises CBS TV Stations, it owns 30 broadcast TV stations; and CBS Local Digital Media. Its businesses span the media and entertainment industries, including the CBS TV Network, cable networks and content production and distribution.

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