LSC Communications Inc
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Industrials : Commercial Services & Supplies | Small Cap ValueCompany profile

LSC Communications, Inc. focuses on traditional and digital print, print-related services and office products. The Company's segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories. In addition to printed products, the Company also provides a number of print-related services, such as supply chain management, mail services, e-book formatting and distribution services. Its Print segment services over 3,000 customers, including publishers of magazines, books and directories, online retailers, catalogers, mass merchandisers and contract stationers. In its Office Products segment, the Company manufactures and sells a range of branded and private label products, primarily within the core categories, including filing products; note-taking products; binder products; tax and stock forms, and envelopes.

Closing Price
$9.41
Day's Change
1.12 (13.51%)
Bid
--
Ask
--
B/A Size
--
Day's High
9.70
Day's Low
8.42
Volume
(Heavy Day)
Volume:
1,054,917

10-day average volume:
411,032
1,054,917

CBS stock upgraded at MoffettNathanson as analyst says Viacom merger is 'foregone conclusion' this year

8:35 am ET January 17, 2019 (MarketWatch)
Print

Shares of CBS Corp. (CBS) are up 0.9% in premarket trading Thursday after an upgrade to buy from neutral at MoffettNathanson. Analyst Michael Nathanson argued fears of an impending deal with Viacom Inc. (VIA) have pressured CBS shares lately, but he said a merger between the two companies is a "foregone conclusion" this year. "As such, we are upgrading CBS on the assumption that a merger will be announced in 2019 that removes the very overhang that has hurt the stock," Nathanson wrote. "We think that the deal improves the structural weaknesses of both companies and drives the linked share prices higher." He maintained a $65 target price on CBS shares in conjunction with the upgrade. Nathanson rates Viacom shares at neutral with a $40 price target, writing that he is concerned about an upcoming renewal with AT&T Inc.'s (T) DirecTV. CBS shares have fallen 14% in the past three months, while the S&P 500 has dropped 6.9%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 17, 2019 08:35 ET (13:35 GMT)

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