NFL Owners Approve Raiders Relocation Panthers Deny Report On Ownership Jose Canseco Named A's Studio Analyst FIS To Assist MiLB With Loyalty Program JetBlue Renews Red Sox Deal Through '30 15SOF Reaches Deal With Big Ten Network Buss Family Feud Appears To Be Over Fox Down For NASCAR At Fontana Stephen Ross Interested In Miami Open NFL Announces Changes To Executive Structure
Shares in SportsLine USA "jumped" 26% on Thursday, closing at $17.125, following a "favorable recommendation from a Wall Street analyst," according to Thomas Granahan of the DOW JONES NEWS SERVICE. BancAmerica Robertson Stephens & Co. analyst Keith Benjamin said that he "expects SportsLine to be the best performing stock in the Internet group in the first quarter of this year" and that CBS' promotion of SportsLine during its Winter Olympics coverage "will significantly boost the company's audience size." CBS will give SportsLine $11M worth of on-air promotion in '98. Benjamin: "We believe this value may actually be received just during the first quarter, combining the Winter Olympics and NCAA basketball." Benjamin rated the stock a "buy" with a target price of $35 (DOW JONES, 1/9). On "NBR," Paul Kangas noted SportsLine USA as a "Big Mover" (PBS, 1/8).