Wunderlich Raises PT on Cablevision Systems Corp. to $44 (CVC)

Wunderlich is out with its report today on Cablevision Systems Corp. CVC, raising its PT from $38 to $44. In a note to clients, Wunderlich writes, "We are increasing our price target on Buy-rated Cablevision to $44 from $38 off a higher 1350 S&P 500 assumption and the extension of our competitive overlay FiOS model out to 2015. Cablevision has better weathered competition than other MSOs and is the most pro-cyclical name given the large buckets of SME and ad dollars in the NY metro area." Shares of CVC closed Monday at $37.72, up 0.08% from Friday's close.