Nomura Securities Maintains a 'Neutral' on Time Warner (TWX); NCAA Deal Drives Lower Margins

Nomura Securities maintains a 'Neutral' on Time Warner (NYSE: TWX), PT $38.

Nomura analyst, Michael Nathanson, said, "TWX reported adj. 1Q EPS of $0.58 ($0.02 ahead of our and consensus $0.56 estimate) driven by a slight miss at Cable Networks offset by better Film results...TWX maintained its 2011 adj. EPS guidance growth at “low teens” growth...We do not believe this in-line quarter will cause any significant changes to the thesis. We will revisit our estimates following the earnings call."

For more ratings news on Time Warner click here and for the rating history of Time Warner click here.

Shares of Time Warner closed at $37.73 yesterday.

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