Benzinga Breakfast Notes: Wunderlich Raises Price Target On Cablevision From $19 To $21

Highlights from Wunderlich's note on Cablevision Systems Corporation CVC.

1. Increased confidence on the appeal of its advanced product suite and gradual pricing power.

2. We look for Optimum ARPU per video customer to be up 6.4% to $175.10

3. We estimate Optimum programming cost per sub up 10.0% to $53.88.

4. Cisco (CSCO-$24.88, Hold) expects wireless broadband networks to carry more IP traffic than fixed networks by 2018, when Wi-Fi and LTE networks should carry 61% of traffic.

5. New customer-facing initiatives are working.

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