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Fly News Breaks for July 17, 2015
CHTR, CVC
Jul 17, 2015 | 07:30 EDT
Jefferies downgraded Cablevision (CVC) to Hold saying that after the rally in shares, a takeover is needed for further upside. The stock could be worth $33 in a deal, but there is uncertainty around the timing as well as the Dolan's family willingness to sell, Jefferies tells investors. It views Charter (CHTR) as logical acquirer for Cablevision. The firm keeps a $24 price target for the stock.
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