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Actionable news in CBS: CBS CORPORATION CLASS B,

Will CBS Stock Gain as Jefferies Remains Bullish?

NEW YORK (TheStreet) -- CBS Corp. (CBS - Get Report) shares closed Monday's trading session down 1.11% to $53.52 despite Jefferies reiterating its "buy" rating on the stock with a $60 price target.

The firm pointed out that the advertisement environment remains strong overall in the media industry.

As a result, near-term trends are better than anticipated compared to six months ago.

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