Citi Adds Cablevision To Top Picks List; Bumps SATS, TWX - Eric Savitz (Barron's)

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Citi Adds Cablevision To Top Picks List; Bumps SATS, TWX
Aug 31, 2009 02:45 PM UTC

Eric Savitz (Barron's)

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Symbol	Sentiment	Start	Return	Closed
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Via BARRONS.com: Tech Trader Daily - Barron's Online:

Citigroup analyst Jason Bazinet this morning added Cablevision (CVC) to the firm’s Top Picks Live list, asserting that there is little downside risk given a 10% free cash yield, and a potential catalyst in the proposed spin-off of the company’s MSG unit. His price target on the stock is $25, about 10% above Friday’s close at $22.25.

Meanwhile, the analyst removed EchoStar (SATS) from the Top Picks list to reflect recent performance, and likewise pulled Time Warner (TWX) from the list, again on a valuation basis. But both stocks hang on to their Buy ratings.

CVC today is off 21 cents, to $22.40. SATS is down $1.04, or 5.4%, to $18.23. TWX is off 41 cents, or 1.5%, to $27.92.

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