NEW YORK (TheStreet) -- CBS (CBS) shares are up 0.6% to $60.35 in early market trading on Monday after Evercore Partners (EVR) reiterated its "conviction buy" rating on the media company.
The firm reiterated the stock's status due to its belief that the company's shares are currently undervalued and that it will easily meet its consensus quarterly earnings guidance.
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Separately, TheStreet Ratings team rates CBS CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CBS CORP (CBS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, notable return on equity, reasonable valuation levels, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: