Soleil Securities Maintains a 'Buy' Rating on Time Warner (TWX)
More News related to TWX
- Morgan Joseph Upgrades Central European Media Enterprises (CETV) to Buy; Financial Risk Mitigated
- Bankrate: Mortgage Rates Slide Back
- Ad Agencies Poised to Reap Massive Benefits from New NCC and Donovan Data Systems Partnership
- Paying-It-Forward: How We Live Magazine Makes Over Homes For Military Families in 'Operation L.O.V.E.'
- Deutsche Bank Reinstates Coverage on Central European Media Enterprises Ltd. (CETV); Top Pick in CEE Media Industry
More News related to Analyst Comments
- Deutsche Bank Issues Rating and Price Target Changes In Metals and Mining (FCX, CDE, PCU, TC)
- UBS Lifts Price Target on Silver Standard (SSRI), Lowers Targets on Silver Wheaton (SLW), Yamana (AUY)
- Barron's Article Comments on Foot Locker (FL); Sees Shares Moving to $15 if Climate Improves
- Piper Jaffray Reiterates an 'Overweight' Rating on F5 Networks (FFIV); Raises Price Target
- Merriman Curhan Boosts Price Target Range on Dendreon (DNDN) to $49-$50
Soleil Securities maintains a 'Buy' rating on Time Warner (NYSE: TWX). Price target $12.
Soleil analyst says, "Why It's Time to Buy TWX...Down about 30% since 8/1/08, in line with the S&P. Although TWX trading below trough multiples, lower '09 guidance by other media competitors suggests TWX's consensus 09 EPS estimates may be too high so P/E and EV/OIBDA valuation metrics are unreliable...TWX's daily equity and debt trading prices are highly correlated. Correlations rise to 88% when equity is lagged to debt by one day, suggesting debt leads equity. Based on recent debt trading levels, TWX's equity appears to be undervalued."
Time Warner Inc. (Time Warner) is a media and entertainment company.
Related Categories
Analyst CommentsStocks Mentioned
-4.32Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
