Barclays Initiates Time Warner At Equal-Weight

Analysts at Barclays initiated coverage on shares of Time Warner

with an “equal-weight” rating. The target price for Time Warner is set to $78. Time Warner shares have surged 20.42% over the past 52 weeks, while the S&P 500 index has gained 18.85% in the same period. Time Warner's shares fell 0.59% to close at $70.75 yesterday.