MoffettNathanson Upgrades Time Warner (TWX) to Buy; Higher Probability of AT&T (T) Deal Approval

November 17, 2016 7:39 AM EST
Get Alerts TWX Hot Sheet
Price: $96.11 +0.44%

Rating Summary:
    26 Buy, 19 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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MoffettNathanson upgraded Time Warner (NYSE: TWX) from Neutral to Buy with a price target of $100.00 on higher probability the AT&T (NYSE: T) deal is approved.

Craig Moffett commented, "We are raising our estimated probability of approval to between 60 and 65% from 50% previously, with the expectations that the FCC is now likely to decline to review the transaction, leaving it solely to the DOJ."

For an analyst ratings summary and ratings history on Time Warner click here. For more ratings news on Time Warner click here.

Shares of Time Warner closed at $88.95 yesterday.

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