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Fly News Breaks for September 8, 2015
CVC
Sep 8, 2015 | 14:18 EDT
As previously reported, Pivotal Research downgraded Cablevision to Hold from Buy. The firm downgraded shares based on strong recent share stregth and said the most logical buyer of the company, Altice, may be pushing back on a potential acquisition given the recent decline in its shares and recent turmoil in the equity and debt markets. Pivotal's $33 price target is based on what it believed was a reasonable takeout price, and no longer sees enough upside to warrant a buy rating.
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