Time Warner (TWX) Spin-Off Will Improve Growth Profile - Goldman

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Yesterday Time Warner (NYSE: TWX) announced it would spin-off Time Inc. The move is an ongoing effort by the company to streamline operations, and in the view of analysts at Goldman Sachs is a positive development.

"We would view the proposed Time Inc. spin-off as an incremental positive for TWX because it would improve the company's growth profile, which in turn we expect to benefit its future multiple," said analyst Drew Borst.

Goldman Sachs has a Buy rating on Time Warner with a price target of $59.00.

For an analyst ratings summary and ratings history on Time Warner (NYSE: TWX) click here. For more ratings news on Time Warner click here.

Shares of Time Warner closed at $55.46 yesterday, with a 52 week range of $33.62-$56.07.

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