Watch List: CBS Corporation (NYSE:CBS), Walt Disney Company (NYSE:DIS), Alaska Air Group (NYSE:ALK), Automatic Data Processing (NASDAQ:ADP)

CBS Corporation (NYSE:CBS) yesterday announced that the Internal Revenue Service (“IRS”) issued a favourable private letter ruling with respect to the Company’s plan for its outdoor advertising subsidiary, CBS Outdoor Americas Inc. (NYSE: CBSO), to convert to a real estate investment trust (“REIT”). CBS Corporation (NYSE:CBS) shares after opening at $59.65 moved to $60.72 on last trade day and at the end of the day closed at $60.30. Company price to sales ratio in past twelve months was calculated as 2.34 and price to cash ratio as 90.12. CBS Corporation (NYSE:CBS) showed a negative weekly performance of -3.30%.

Analysts at Evercore Partners boosted their target price on shares of The Walt Disney Company (NYSE:DIS) from $80.00 to $85.00 in a research report issued to clients and investors on Thursday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Evercore Partners’ price objective suggests a potential upside of 9.45% from the stock’s previous close. The Walt Disney Company (NYSE:DIS) shares advanced 1.66% in last trading session and ended the day on $78.95. DIS return on equity ratio is recorded as 15.00% and its return on assets is 8.10%. The Walt Disney Company (NYSE:DIS) yearly performance is 31.72%.

Alaska Air Group (NYSE:ALK) was upgraded by investment analysts at EVA Dimensions from an “overweight” rating to a “buy” rating in a note issued to investors on Friday, American Banking News reports. Alaska Air Group, Inc. (NYSE:ALK) shares moved up 2.75% in last trading session and was closed at $92.32, while trading in range of $89.97 – $92.50. Alaska Air Group, Inc. (NYSE:ALK) year to date (YTD) performance is 26.22%.

Automatic Data Processing (NASDAQ:ADP) a leading global provider of Human Capital Management (HCM) solutions, has been notified of an unsolicited “mini-tender offer” made by TRC Capital Corporation (TRC Capital) to ADP’s shareholders to purchase up to 2,000,000 shares of common stock, or approximately 0.42% of ADP’s outstanding shares. Automatic Data Processing (NASDAQ:ADP) weekly performance is -0.59%. On last trading day company shares ended up $75.43. Automatic Data Processing (NASDAQ:ADP) distance from 50-day simple moving average (SMA50) is -1.22%. Analysts mean target price for the company is $79.00.