Time Warner Cable (TWC) Target Raised to $160 at BTIG

December 17, 2013 7:59 AM EST
Get Alerts TWC Hot Sheet
Price: $209.56 --0%

Rating Summary:
    13 Buy, 21 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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BTIG maintained a Buy rating on Time Warner Cable (NYSE: TWC) and raised its price target to $160.00 (from $80.00). Analysts Richard Greenfield thinks the company's financial performance is improving and doesn't think it should rush to sell.

"While laying out all the potential acquisition scenarios spanning multiple companies and joint bids is far too complex, we believe the operational efficiencies and improved clustering of a TWC acquisition/breakup should warrant value of at least $160," said Greenfield.

Read more: http://www.btigresearch.com/2013/12/17/time-warner-cable-should-not-rush-to-sell-raising-target-price-to-160-reiterate-buy/#ixzz2njj2QxHs

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

Shares of Time Warner Cable closed at $132.09 yesterday.

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