Price Target Raised For CBS Corp. Shares


An $80 price target has been set for CBS Corp. by one Wall Street financial firm, which has also placed a “buy” rating on the stock.

The price target boost comes from analysts at Needham & Company LLC, and sees CBS’s target jump from $72. This represents some 20.6% upside from the previous close of $66.34.

CBS Corp. finished up 23 cents on Friday, to $66.57.

Needham’s move comes after Pivotal Research’s Brian Wieser on April 23 reiterated his firm’s “Hold” rating on CBS shares, settling on a $67 price target.

Meanwhile, Rosenblatt Securities on April 17 boosted its price target, but to just $40 a share. It has a Neutral rating on CBS Corp. shares.