Pivotal Research Group Reiterates Buy Rating, $32 PT on TW Telecom on Mixed Q4 Results
In a report published Wednesday, Pivotal Research Group reiterated its Buy rating and $32.00 price target on TW Telecom (NASDAQ: TWTC).
Pivotal Research Group noted, “2013 will be an expansion year for TWTC as the company invests in more sales reps, expands its network depth and breadth, and launches new services such as its Constellation Platform. In the short term, this will pressure EBITDA margins and free cash flow growth, but in the longer term, we think these efforts will improve both, as it has in the past when the company has made similar investments. We are slightly lowering our 2013 EBITDA and free cash flow estimates. We reiterate our BUY rating and $32 price target.”
TW Telecom closed on Tuesday at $26.95.
Latest Ratings for TWTC
|Jun 2014||Stephens & Co.||Downgrades||Equal-weight||Underweight|
|Jun 2014||DA Davidson||Downgrades||Buy||Neutral|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.