Credit Suisse Reiterates Outperform on Virgin Media (VMED)

Credit Suisse is out with its report today on Virgin Media VMED, reiterating Outperform. In a note to clients, Credit Suisse writes, "We reiterate our Outperform rating on Virgin Media and our price target of $29. We have slightly increased our forecasts post-Q4. We remain ahead of medium-term consensus for revenue, EBITDA and FCF while we forecast FCF growth above VMED's 20% target for FY2011 (24%) and forecast ~20% FCF growth for both FY2012 and FY2013." Credit Suisse has a $29 PT on VMED. Shares of VMED closed Wednesday at $26.45.