Time Warner Cable in a good position within industry, Wunderlich sets $190 price target

Wunderlich Securities issued a report highlighting Time Warner Cable Inc. (NYSE: TWC) after David Cohn, the Executive Vice President of Comcast Corporation (NASDAQ: CMSCA), indicated that the FCC review of the acquisition of Time Warner Cable Inc. is expected to conclude by mid-year. Wunderlich Securities rates Time Warner Cable as a Buy with a $190 price target. Matthew Harrigan, an analyst at Wunderlich Securities, wrote, "Without fully recognizing any merger benefits that in our view would push the post target at the 2.875 exchange ratio to $202, our estimates suggest conservative fair standalone value of $172 per share... If TWC were actually able to replicate Comcast's valuation target parameters per WSI, fair TWC value would essentially be in line with the merger price target."Wunderlich offered 3 key points as potential catalysts for Time Warner Cable:1. Management at Time Warner Cable have plans to add one million customer relations through 2016.2. Cable can now innovate real time with user interface software modified real-time via HTML.3. Time Warner Cable denies reports that Los Angeles Dodgers losses may induce near $1 Billion write-down: Time Warner Cable does not carry Dodgers related assets on its balance sheets. Currently Time Warner Cable is trading at $147.75, down 0.87 percent.Currently Comcast is trading at $55.92, down 1.07 percent.