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Goldman Sachs Reiterates Neutral on Time Warner Cable on Greater 1Q Expense Pressure

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In a report published Wednesday, Goldman Sachs reiterated its Neutral rating and $94.00 price target on Time Warner Cable (NYSE: TWC).

Goldman Sachs noted, “We update estimates to reflect: (1) greater 1Q13 expense pressure, (2) higher residential product ARPU, (3) weaker PSU volumes, and (4) greater share buybacks. Net of these changes, our 2013 revenue/EBITDA estimates are now $22.5bn/$8.14bn (+0.3%/+0.2%). Our 2013-2015 EPS move up 1.5%-2.5% driven largely by buybacks. Our 12-month price target is unchanged at $94.”

Time Warner Cable closed on Tuesday at $89.65.

Latest Ratings for TWC

DateFirmActionFromTo
Dec 2014BTIG ResearchDowngradesBuyNeutral
Oct 2014Brean CapitalDowngradesBuyHold
Oct 2014Bank of AmericaMaintainsNeutral

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Posted-In: Goldman SachsAnalyst Color Reiteration Analyst Ratings

 

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