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CBS gets resumed at Overweight by Morgan Stanley

Dec. 06, 2017 3:52 PM ETParamount Global (PARA) StockPARABy: Jason Aycock, SA News Editor2 Comments
  • Morgan Stanley has resumed coverage on CBS (CBS -1.1%) with an Overweight rating.
  • The firm's joining a bullish chorus of a couple dozen analysts at Buy-equivalence, and has set a price target of $68.
  • That implies 18% upside; the 52-week high for CBS is $70.09, though it hasn't been over $62.50 since early September. Shares are down 5% over the past 12 months.

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