UPDATE: Hudson Square Research Raises PT to $27 on TW Telecom
Hudson Square Research reiterates its Buy rating on TW Telecom (NASDAQ: TWTC) as it updates its model on the company to reflect Q4 numbers from Thursday. Price target on shares goes to $27 (from $25) with a 2012-end base.
Hudson Square Research notes, "The revenue growth acceleration continued again this quarter. Enterprise revenue grew 11.2% in 4Q, up from 10.1% in 3Q, and 6-8% for the two years prior to that. ...We are publishing our 2012 quarterly estimates for the first time, and updating our model. The changes aren't very big, and our $25 2011 DCF valuation doesn't change. However, we are rolling our DCF-based price target forward to year-end 2012 to $27."
TWTC closed at $21.33 a share on Friday.
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