Loading...
Loading...
Stifel Nicolaus maintained Time Warner
TWX with a Buy rating and raised the price target from $56.00 to $58.00.
Stifel Nicolaus commented, "[L]ooking ahead we're positive on TWX given its affiliate renewal cycle for Turner networks, healthy sub trends at HBO, favorable growth prospects for international, a decent pipeline of television and film content, and continued redeployment of cash ~ all support our view for an acceleration in core earnings growth over the next few years. At 13.8x forward EPS, we are Buy rated on the shares w/ a $58 target price, which is based on a blended methodology."
Time Warner closed at $52.57 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in