Credit Suisse First Boston on Friday raised its fourth-quarter estimates for Partner Communications (Nasdaq, TASE: PTNR, LSE:PCCD) after the company's better than expected third-quarter results.

Analysts Eugene Klerk, Ehud Helft and others set Partner's rating at Buy and its target price at $10.

They lifted their subscriber-base estimate for 2001 from 1.3 million to 1.4 million, rising to 1.64 million by year-end 2002.

In its conference call following its third-quarter results, the Partner management said it retains potential to increase its subscriber base, considering estimates that 30% to 35% of Israel's population does not have mobile phones yet.

CSFB upped its revenue estimates for Partner by 5% for 2001 to NIS 3.3 billion, and NIS 3.7 billion for 2002.

The analysts lifted their Ebitda estimates to 19% in 2001, and 23.9% in 2002. It expects 2001 Ebitda profit of NIS 627 million, rising to NIS 879 million next year.

CSFB expects Partner to achieve balance in 2003, after losing a net NIS 134 million in 2002.