Nomura Securities maintains a 'Buy' on Time Warner Cable (TWC); Highlights From Meeting with CFO

Nomura Securities maintains a 'Buy' on Time Warner Cable (NYSE: TWC) price target of $85.00.

Nomura analyst, Mike McCormack, says, "Meeting with TWC’s Irene Esteves, EVP and CFO and Mike LaJoie, EVP and CTO. Highlights include: 1) Despite the heightened promotional activity, TWC believes its experience messaging promo offers while maintaining price on existing subscribers will prevent re-pricing the base. 2) Cost pressures are known and manageable. 3) Leadership continues to view the 3.25x leverage target as an appropriate level for optimizing the cost of capital. Management's focus appears to remain on a consistent capital return plan (regular dividend and share repurchases)."

For an analyst ratings summary and ratings history on Time Warner Cable click here. For more ratings news on Time Warner Cable click here.

Shares of Time Warner Cable closed at $61.03 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Canaccord Downgrades York Space Systems (YSS) to Hold, 'Supply chain and contract timing uncertainty'
• Deutsche Bank Downgrades Workday (WDAY) to Hold
• Candel Therapeutics Inc. (CADL) PT Raised to $15 at Freedom Broker