Soleil Securities Upgrades tw telecom (TWTC) to Buy
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Soleil Securities upgrades tw telecom (Nasdaq: TWTC) from Hold to Buy on valuation.
Soleil analyst says, "Our main concern on the stock in the past was that the consensus was too high. Since the early part of this year, the median sell-side price target has fallen from $27 to $24 according to First Call. With the stock trading in the $14-16 range for most of July and August, we believe that the buy-side has also lowered its expectations...No change our price target $19. At the current level, we think the risk-reward profile is appropriate for growth investors to buy the stock."
tw telecom inc., formerly Time Warner Telecom Inc. is a provider of managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, voice over Internet protocol (VoIP) and network security services to enterprise organizations and communications services companies throughout the United States.
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