Time Warner (TWX) Price Target Raised to $111 at Topeka Capital
Get Alerts TWX Hot Sheet
Rating Summary:
15 Buy, 24 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
Join SI Premium – FREE
Topeka Capital maintained a Buy rating on Time Warner (NYSE: TWX) and raised its price target to $111.00 (from $90.00).
Analyst David W. Miller said, "With shares of TWX up a cool 17.0% since our upgrade to Buy a mere seven weeks ago, easily outperforming the market, and with the stock now sitting a mere 6.5% away from that target price, we obviously have the choice between downgrading the stock, or raising our target. We are executing on the latter, as we now move back to a "PE/G of 1" philosophy on core, 2016 non-GAAP EPS. Seeing as how that CAGR will be 18.5%, we now move to an 18.5x P/E, which allows us to boost our target to $111.00 from $90.00."
For an analyst ratings summary and ratings history on Time Warner click here. For more ratings news on Time Warner click here.
Shares of Time Warner closed at $84.48 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- China Resources Beer Holdings Co Ltd. (291:HK) (CRHKY) PT Raised to HK$44.67 at Jefferies
- Societe Generale Downgrades EDP Renovaveis SA (EDPR:LI) (EDRVF) to Hold
- Gulfport Energy (GPOR) PT Raised to $166 at Mizuho
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeSign 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!