Needham & Company Maintains a 'Buy' on Time Warner Cable (TWC); 4Q11 Earnings Preview

Needham & Company maintains a 'Buy' on Time Warner Cable (NYSE: TWC) price target of $95.00.

Needham analyst said, "We adjust our 4Q11 estimates to reflect full integration of TWC’s acquisition of NaviSite, resulting in a 1% increase in revenue to $4.96B, offset by higher interest expense from TWC’s issuance of $2.25B of debt, completed in September, 2011. As a result, we maintain our 4Q11 EPS estimate of $1.22...FY12. For FY12, we are maintaining our revenue estimate of $20.44B, and our EPS estimate of $5.68."

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 $69.05 yesterday.

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