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Stifel Downgrades Time Warner As 2015 Is Transition Year

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In a report published Friday, Stifel analyst Benjamin Mogil downgraded the rating on Time Warner Inc (NYSE: TWX) from Buy to Hold, but reiterated a $93.00 price target.

In the report, Stifel noted, “We are transferring coverage of Time Warner (TWX) from Stifel analyst Drew Crum and establishing a Hold rating. The rating is not so much a call on operations, as we see Time Warner's asset collection as well suited towards changes in consumption patterns, particularly on the OTT side, rather we view valuation as largely fair given that the company's 2014 was an eventful one on the corporate and operational front. We see the OTT launch of HBO and the Turner original programming revamp as the likely two most important 2015 themes.”

Time Warner closed on Thursday at $82.42.

Latest Ratings for TWX

DateFirmActionFromTo
Jun 2018DowngradesBuyHold
Jun 2018DowngradesOutperformMarket Perform
Jun 2018DowngradesBuyNeutral

View More Analyst Ratings for TWX
View the Latest Analyst Ratings

Posted-In: Benjamin Mogil StifelAnalyst Color Downgrades Analyst Ratings

 

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