DA Davidson Upgrades tw telecom (TWTC) to Buy; Margin Worries Overdone; Strong Revenue Growth
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Price: $42.78 --0%
Rating Summary:
3 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 12 | New: 26
Rating Summary:
3 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 12 | New: 26
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DA Davidson upgraded tw telecom (NASDAQ: TWTC) to Buy with a price target raised from $18 to $24.
DA analyst says, "Margin worries overdone: We think any margin pressure at TWTC will be short-lived and expect the new products to carry higher margins (since they are more software and network based), plus any increase in customer penetration in existing fibered buildings would carry high incremental margins."
"We are upgrading our rating and would use any weakness in the stock as a buying opportunity. We have fine-tuned our estimates slightly (down $0.01 for FY11-12 to $0.39 and $0.55, respectively), and think our 2012 estimates are conservative."
For an analyst ratings summary and ratings history on tw telecom click here. For more ratings news on tw telecom click here.
Shares of tw telecom closed at $18.08 yesterday.
DA analyst says, "Margin worries overdone: We think any margin pressure at TWTC will be short-lived and expect the new products to carry higher margins (since they are more software and network based), plus any increase in customer penetration in existing fibered buildings would carry high incremental margins."
"We are upgrading our rating and would use any weakness in the stock as a buying opportunity. We have fine-tuned our estimates slightly (down $0.01 for FY11-12 to $0.39 and $0.55, respectively), and think our 2012 estimates are conservative."
For an analyst ratings summary and ratings history on tw telecom click here. For more ratings news on tw telecom click here.
Shares of tw telecom closed at $18.08 yesterday.
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