Time Warner (TWX) PT Raised to $95 at BofA/Merrill Lynch

BofA/Merrill Lynch analyst Jessica Reif Cohen reiterated a Buy rating and boosted her price target on Time Warner (NYSE: TWX) to $95.00 (from $85.00) ahead of Q4 results.

For the quarter, the firm notes tough film comp and FX headwinds, Turner adv. improves modestly and additional reconstruction charges. The firm sees flat revenue growth with softer OI margins.

The firm remains positive on the stock due to 1) improved visibility on a mid-high teen EPS CAGR, 2) low 17% adv. exposure, 3) strong balance sheet with healthy capital returns and 4) upside potential across divisions.

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 $84.21 yesterday.

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