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CBS, Netflix Among Top Media Picks of Wall Street Analysts for 2017

CBS, Netflix and AMC Entertainment are among the top media picks of Wall Street analysts for the new year.

Next year may bring more media consolidation, and analysts have identified several media stocks as their top picks in the new year.  They include CBS (CBS) - Get Report , on which Stifel has a buy rating. While the company didn't do a deal with Viacom (VIAB) - Get Report , Stifel says CBS could make a play for Sony's (SNE) - Get Report Sony Pictures. AMC Entertainment (AMC) - Get Report  and Cinemark Holdings (CNK) - Get Report  are also top picks, with analysts expecting another record year at the box office. Analysts are also high on Netflix (NFLX) - Get Report , saying its large lead and established brand are benefits as more consumers shift to Internet TV viewing.

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