Time Warner (TWX) Added to FBR Alpha Generator List; PT to $107.50 on Expected Deal Close

FBR Capital analyst Barton Crockett raised his price target on Time Warner (NYSE: TWX) to $107.50 (from $104.00) and added the stock to the FBR Alpha Generator list.

Crockett commented, "We are adding Time Warner to the FBR Alpha Generator list based on our view that AT&T can clear regulatory hurdles and close its acquisition of TWX within a year. Given this, we maintain our Outperform rating, but we are raising our price target by $3.50 to $107.50, assuming that AT&T can buy TWX at the original offer price of $107.50."

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 $95.99 yesterday.

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