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.
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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.