Equity Analyst Action: CBS, Comcast, Owens Corning, CF, Cimarex
CBS Corporation (NYSE:CBS): After CBS reported higher than expected Q4 EPS but lower than expected revenue, Wells Fargo believes that the company is poised to deliver fairly good results in 2012, partly as a result of strong scatter pricing and higher than expected retrans fees. The firm sees several long-term growth catalysts for the company and maintains an Outperform rating.
Comcast Corporation(NASDAQ:CMCSA): After Comcast reported stronger than expected Q4 results, Wells Fargo raised its valuation range on the stock to $33-$35 from $30-$32 and maintains an Outperform rating.
Owens Corning(NYSE:OC): Barclays said Owens Corning’s weak Q4 report provides a buying opportunity given its leverage to a U.S. housing recovery. Shares are Overweight rated with a $39 price target.
CF Industries Holdings, Inc.(NYSE:CF): Lazard Capital said it would buy shares of CF Industries aggressively on weakness post the company’s Q4 results. The firm believes CF is positioned for a strong 2012 and raised its price target for shares to $205 from $195 while reiterating a Buy rating on the stock.
Cimarex Energy Co.(NYSE:XEC): Pritchard raised its price target for Cimarex Energy citing an increase in the company’s proved reserves and potential upside from its Permian Basin assets. The firm maintains a Buy rating on the stock.
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