Citi Restarts Time Warner Cable (TWC) at Buy, Sets $99 Target

Article Stock Quotes (1) Comments (0)

Citi's Jason Bazinet reinitiated coverage on shares of Time Warner Cable (NYSE: TWC) with a Buy rating and a $99 price target, up from $88 previously.

The analyst said free cash flow could reach $8 per share in 2013. He expects management to continue returning capital to shareholders.

With Time Warner Cable shares up 1.2 percent to $81.92 at last check, Bazinet's new price target implies potential upside of about 21 percent.

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

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Michael Kors (KORS) Under-Appreciated; Canaccord Genuity Starts at Buy
• Longbow Research Starts Boise Inc. (BZ) at Buy
• ISI Group Starts PAREXEL International (PRXL) at Neutral

Create E-mail Alert Related Categories

New Coverage

Related Entities

Citi

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?