Goldman Sachs Maintains Conviction Buy on Virgin Media

Goldman Sachs is out with its report today on Virgin Media

, maintaining Conviction Buy on VMED. In its report, Goldman Sachs writes, "We retain our Conviction Buy on VMED, as we believe the company's improving product differentiation supports its pricing power, while the increasing cost of high speed broadband should sustain a rational competitive environment. In our view, the stock's pullback on near-term concerns on subscriber growth represents a buying opportunity." Shares of VMED closed Monday at $26.05, down 0.31% from Friday's close.