Topeka Capital Upgrades Time Warner (TWX) to Buy
Get Alerts TWX Hot Sheet
Rating Summary:
15 Buy, 24 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Join SI Premium – FREE
Topeka Capital upgraded Time Warner (NYSE: TWX) from Hold to Buy with a price target of $90.00. The change follows its analyst day yesterday.
Analyst David W. Miller said, "On the heels of TWX's analyst day, we are upgrading the shares to 'Buy' and establishing a brand new, 12-month target of $90, correlating to a reasonable multiple of 15.0x estimated 2016 non-GAAP earnings of $6.00/share. While the $6.00/share guidance bogie issued by TWX management yesterday was more or less expected, it is the $8.00/share earnings bogie by 2018 that actually sways our opinion on this name, as now, the company is set to grow non-GAAP EPS by an enviable CAGR of 18.5% through 2018."
For an analyst ratings summary and ratings history on Time Warner click here. For more ratings news on Time Warner click here.
Shares of Time Warner closed at $72.21 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- JPMorgan Upgrades Assai Atacadista (ASAI) to Overweight
- Eastgroup Properties (EGP) Tops Q1 EPS by 17c, provides guidance
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Hot Upgrades, UpgradesRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!