BMO Capital Starts Time Warner (TWX) at Market Perform

BMO Capital initiated coverage on Time Warner (NYSE: TWX) with a Market Perform rating and a price target of $64.00. Analyst Daniel Salmon said he thinks valuation reflects opportunities and challenges.

"The company’s deep cache of content assets strikes us as the industry’s most balanced," said Salmon. "Management expects the cable networks affiliate fee growth to accelerate into the high-single digits in 2014 after mid-single-digit growth this year, while a surprise film hit this summer (perhaps the Superman reboot, Man of Steel?) or a turnaround at CNN could provide upside."

For an analyst ratings summary and ratings history on Time Warner (NYSE: TWX) click here. For more ratings news on Time Warner click here.

Shares of Time Warner closed at $60.94 yesterday.

---

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

---

You May Also Be Interested In

• BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
• SoundThinking (SSTI) PT Lowered to $8 at Cantor Fitzgerald
• KinderCare Learning Companies (KLC) PT Lowered to $4.50 at UBS