Wunderlich Securities Doesn't Expect Any Surprises from Cablevision Systems' Results Tomorrow

In a report published Tuesday, Wunderlich Securities analyst Matthew Harrigan reiterated a Hold rating and $17.00 price target on

. In the report, Wunderlich Securities noted, “We do not look for major surprises when Hold-rated Cablevision (CVC) reports results tomorrow, with management guiding for sequentially down AOCF inclusive of costs for new field and management efficiency efforts even as retention of high promotional churn homes is deemphasized. We remain optimistic that customer-facing new initiatives such as data speed upgrades, continued Wi-Fi leadership, and a better customer experience off the cloud based Optimum programming guide can continue to stabilize operations. We still provide sensitivities for share shifts with FiOS competition, but regard pricing power (see Figures 7-8) as determinative for Cablevision's future. We agree with consensus that a 2014 and possibly 2015 sale of Cablevision is completely off the table.” Cablevision Systems closed on Monday at $16.41.