New York, February 1 (FinanceEnquiry.com) - Analyst Tuna Amobi of S&P Capital IQ upgrades the ‘B’ shares of CBS Corporation (NYSE: CBS) from Buy to Strong Buy. The 12-month target price has been raised from $32 to $35.

In a research note published yesterday, Amobi mentions that before the release of expected solid Q4 results on February 15, stable progress to moderate CBS’ high cyclical exposure is seen, advancing exploiting incremental non-traditional opportunities to augment its core ads base.

CBS will spot key financial growth milestones in 2012 with digital streaming and retransmission revenues, which are in speedy development, a robust stable of TV franchises balanced to bolster global syndication pipeline and political ads primed for new highs, as per the analyst.