Kaufman Bros. Upgrades Cablevision to “Buy” (CVC)
November 2nd, 2009

Cable TV and Internet provider Cablevision Systems Corporation (CVC



) saw its rating and price target upgraded on Monday by analysts at Kaufman Bros.
The analyst boosted its rating on CVC to “Buy” from a previous “Hold,” and raised its price target on the stock to “$28 from $21. Cablevision shares had closed at $22.96 on Friday.
Kaufman commented that “Our $28 price target for shares of CVC is based on the successful spin-out of MSG and resulting expansion in FCF forecasts as a result.”
Cablevision shares were mostly flat in premarket trading Monday.
The Bottom Line
We have been recommending shares of CVC since Sept.1, when the stock was trading at $22.34. The company has a 1.74% dividend yield, based on Friday’s closing stock price of $22.96.
Cablevision Systems Corporation (CVC



) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.



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