Mediacom shares climb on analyst upgrade


Shares of small cable operator Mediacom Communications rose Wednesday and came close to their 52-week high of $9.18 after Miller Tabak + Co. analyst David Joyce upgraded the company's stock from "neutral" to "buy" and boosted his price target $2 to $10.50. "Mediacom is cheapest among (its) peers," the analyst wrote in a report, saying his new price target provides potential appreciation of 17%. Mediacom shares have traded from $5.80-$9.18 during the past year. On Wednesday, they closed up 1% to finish at $9.04 after going as high as $9.12 intraday.