Morgan Stanley Sees Cablevision Systems as Executing Well Against a Uniquely Tough Backdrop

In a report published Friday, Morgan Stanley analyst Benjamin Swinburne reiterated an Underweight rating and $12.00 price target on Cablevision Systems (NYSE: CVC ). In the report, Morgan Stanley noted, “We reiterate our UW rating and $12 PT, or 7 times ‘15E EBITDA and 22 times FCF. Following 4Q results