Credit Suisse Upgrades Cablevision (CVC) to Neutral Amid Takeover; Counter-Offer Unlikely

Credit Suisse upgraded Cablevision (NYSE: CVC) from Underperform to Neutral with a price target of $34.90 (from $20.00) after the company agreed to be acquired by Altice for $34.90 per share in cash.

Analyst Omar Sheikh said the company is unlike to see a counter-offer.

For an analyst ratings summary and ratings history on Cablevision click here. For more ratings news on Cablevision click here.

Shares of Cablevision closed at $32.51 yesterday.

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