March 06, 2013 at 10:23 AM EST
UPDATE: Jefferies Reiterates Hold Rating, Lowers PT on Cablevision Systems Corporation on Weak 4Q Results
In a report published Wednesday, Jefferies reiterated its Hold rating on Cablevision Systems Corporation (NYSE: CVC ), but slightly lowered its price target from $17.00 to $16.00. Jefferies noted, “CVC reported weak 4Q results, in our view, with lower sub adds and AOCF, and in-line adjusted revenues. CVC noted that
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