Credit Suisse gives outperform rating to KDG

Credit Suisse has initiated coverage of German cable operator Kabel Deutschland (KDG) with an outperform recommendation ad €30 share price target.

Credit Suisse believes that KDG’s performance may exceed expectations because it has room to grow revenue by increasing prices, according to analyst Hendrick Herbst. He said that KDG may also increase its margins by gradually increasing the charges it levies on business clients.