Cablevision Systems upgraded to "buy" - update

10/27/05 - Banc of America

NEW YORK, October 27 (newratings.com) - Analyst Doug Shapiro of Banc of America Securities upgrades Cablevision Systems (CVC) from "neutral" to "buy." The target price is set to $33.

In a research note published yesterday, the analyst mentions that the company’s share price declined significantly following the withdrawal of the privatization proposal by the Dolan family. Cablevision System’s operational momentum is robust, the analyst says. According to Banc of America Securities, the company’s board is expected to approve either the special dividend or a significant return of capital.