Hudson Square Research Reiterates Buy Rating, $30 PT on TW Telecom on Estimate Revision
In a report published Wednesday, Hudson Square Research reiterated its Buy rating and $30.00 price target on TW Telecom (NASDAQ: TWTC).
Hudson Square Research noted, “We believe that tw telecom reported decent 4Q results yesterday,with revenue slightly better and profitability slightly below our estimates. Management discussed plans to invest in the business, which could help long-term growth at the expense of near-term margins. We maintain our Buy rating, and are rolling our DCF-based price target forward to year-end 2013 to $30.”
TW Telecom closed on Tuesday at $26.95.
Latest Ratings for TWTC
|Jun 2014||Stephens & Co.||Downgrades||Equal-weight||Underweight|
|Jun 2014||DA Davidson||Downgrades||Buy||Neutral|
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