SECOND TEAM Benjamin Swinburne Morgan Stanley
Benjamin Swinburne repeats in second place; he is also No. 2 in Media. The Morgan Stanley analyst is hailed for producing the “most rigorous financial models out there,” which “superbly aid the understanding of drivers and fully illustrate the accuracy of earnings estimates,” clients say. Swinburne highlighted his overweight rating on Cablevision Systems Corp. in October 2010, at $18.28, citing the Bethpage, New York–based entertainment company’s increasing broadband penetration, among other factors. In January, with the stock up 28.3 percent, to $23.45 — and ahead of the sector by 16.8 percentage points — he dubbed the shares fully valued and downgraded them to equal weight. Then he downgraded the stock to underweight in April, at $23.31, after Cablevision’s first-quarter results failed to meet consensus expectations. At the end of August, the stock was down 22.5 percent, to $18.06, and trailed the Standard & Poor’s 500 cable and satellite index by 13.8 percentage points.