July 16, 2014 8:20 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Wednesday, Brean Capital analyst Todd Mitchell reiterated a Buy rating on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Time Warner Cable (NYSE: TWC), and raised the price target from $165.00 to $186.00.In the report, Brean Capital noted, “We believe that the acquisition of Time Warner Cable will create far greater synergies than what has been publicly discussed by either company. Comcast (CMCSA $54.89, Buy) was a far better run company than TWC and NBCU appears to be in a structural renewal from prior underperformance. We foresee multi-billion opportunities for the combined company to create value in 1) raising TWC's residential metrics to the level of Comcast's, 2) combining the companies' highly complementary enterprise businesses, 3) a potential entrée into wireless via the formation of an MVNO, and 4) leveraging the two companies' national footprint to drive innovation into advertising. This morning, we raise our target price on CMCSA to $65 from $60, which is based on 8.5x pro forma 2014E EV/EBITDA, as a result of an increase in our outlook for the combined company. As a result, we are raising our target price on TWC to $186 from $165, reflective of the 2.875x exchange ratio, and we reiterate our BUY rating.”Time Warner Cable closed on Tuesday at $149.31.
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