Canaccord Genuity Maintains a 'Buy' on Time Warner (TWX); Accumulate Shares on Dip
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Price: $2.23 --0%
Rating Summary:
15 Buy, 24 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 13
Rating Summary:
15 Buy, 24 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 13
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Canaccord Genuity maintains a 'Buy' on Time Warner (NYSE: TWX) price target of $41.00.
Analyst, Thomas Eagan, said, "TWX pulled back 1.7% yesterday as the Street 1) interpreted 1Q12 Cable Network AOI growth as uninspiring and 2) became concerned about slowing 2Q12 AOI growth. We would take advantage of this pullback because of the strength of the underlying growth at the Cable Networks and because we believe 2H12 results should offset 2Q12."
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 $37.29 yesterday.
Analyst, Thomas Eagan, said, "TWX pulled back 1.7% yesterday as the Street 1) interpreted 1Q12 Cable Network AOI growth as uninspiring and 2) became concerned about slowing 2Q12 AOI growth. We would take advantage of this pullback because of the strength of the underlying growth at the Cable Networks and because we believe 2H12 results should offset 2Q12."
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 $37.29 yesterday.
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