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UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Time Warner

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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

DateFirmActionFromTo
Nov 2016Moffett NathansonUpgradesNeutralBuy
Nov 2016Credit SuisseUpgradesNeutralOutperform
Nov 2016Pivotal ResearchDowngradesHoldHold

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Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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