MoffettNathanson Upgrades Time Warner (TWX) to Buy; Higher Probability of AT&T (T) Deal Approval
Get Alerts TWX Hot Sheet
Price: $2.23 --0%
Rating Summary:
15 Buy, 24 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
15 Buy, 24 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
MoffettNathanson upgraded Time Warner (NYSE: TWX) from Neutral to Buy with a price target of $100.00 on higher probability the AT&T (NYSE: T) deal is approved.
Craig Moffett commented, "We are raising our estimated probability of approval to between 60 and 65% from 50% previously, with the expectations that the FCC is now likely to decline to review the transaction, leaving it solely to the DOJ."
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 $88.95 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Upgrades Estee Lauder (EL) to Buy; 'Earnings have bottomed'
- Walt Disney (DIS) PT Raised to $145 at Needham
- Craig-Hallum Upgrades Lands' End (LE) to Buy, 'the setup looks much better'
Create E-mail Alert Related Categories
Analyst Comments, Hot Upgrades, UpgradesSign 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!