Vetr Crowd Unanimously Says Time Warner Rally Will Continue

Shares of Time Warner Inc TWX have gained almost 9 percent since their June 27 low. The Vetr crowd seems to believe the rally will continue, as evidenced by its average price target of $83.96. This target implies a potential return of almost 11 percent from current valuations.

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Seeking to better reflect the upside potential, the Vetr community decided to upgrade its rating on shares of Time Warner on Monday, from 4.0 stars (Buy) to 4.5 stars (Strong Buy), out of a possible five-star rating.

It should be noted that, in accordance with the new rating, 100 percent of the crowd’s ratings are bullish at the time, meaning that all raters see the stock surging to one degree or another.