UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Time Warner
In a report published Monday, Deutsche Bank reiterated its Buy rating on Time Warner (NYSE: TWX), and raised its price target from $44.00 to $51.00.
Deutsche Bank noted, “Reaffirm Buy. TWX remains inexpensive (12x ‘13E P/E) relative to: (1) quality of assets, mgmt and B/S; (2) visibility for cable nets growth (domestic renewal cycle'14-'16, and strong int'l growth; (3) tough Potter comps winding down; (4) lowest cyclicality among peers; and (5) mgmt is returning 126% of FCF.”
Time Warner closed on Friday at $43.64.
Latest Ratings for TWX
|Nov 2016||Moffett Nathanson||Upgrades||Neutral||Buy|
|Nov 2016||Credit Suisse||Upgrades||Neutral||Outperform|
|Nov 2016||Pivotal Research||Downgrades||Hold||Hold|
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