Analysts: CBS Deal Will Benefit in the Long Term and 3 More Research Notes to Check Out
CBS (NYSE:CBS): Piper Jaffray expects CBS to reach a deal with Time Warner Cable (NYSE:TWC) that will boost its earnings per share by 40 to 50 cents and also enable its affiliates to receive higher fees from cable companies, benefiting CBS in the longer term. The firm also expects CBS to benefit from higher revenue from digital streaming deals and a strong ad outlook. It keeps an Overweight rating on the shares.
Buffalo Wild Wings (NASDAQ:BWLD): B. Riley expects Buffalo Wild Wings to report higher-than-expected second quarter EPS based on above consensus same-store sales triggered by a strong sports environment. The firm keeps a Buy rating on the stock.
Micron (NASDAQ:MU): Sterne Agee believes that Hynix’s strong mobile/DRAM revenues bode well for Micron and thinks that Micron could report 2014 EPS of about $2.70 versus the firm’s previous estimate of $2.09. It reiterates a $17 price target and Buy rating on the stock.
Wynn Resorts (NASDAQ:WYNN): Susquehanna says that Wynn Resorts’s second quarter results were mixed but believes its Cotai project is under-appreciated. The firm expects the company’s current dividend and potential for a special dividend to provide support for the shares, but also believes its Cotai project will drive continued multiple expansion. The price target remains $155.