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Actionable news in CBS: CBS CORPORATION CLASS B,

CBS Stock Spikes, RBC Capital: One of Best Positioned Media Stocks

NEW YORK (TheStreet) -- CBS Corp. (CBS - Get Report) shares are higher by 1.33% to $54.29 Friday morning after RBC Capital Markets began coverage of the stock with an "outperform" rating and a $68 price target.

In a note issued to investors earlier this morning, the firm said that CBS is one of the media and entertainment companies that has thematic strength and earnings growth that should command a higher valuation.

Analysts highlighted five key themes for their bullish outlook, which include content...