Time Warner Inc. Reports Third-Quarter 2015 Results

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UPDATE: Wells Fargo Downgrades Time Warner (TWX) to Market Perform

November 5, 2015 6:38 AM EST

(Updated - November 5, 2015 10:07 AM EST)

Wells Fargo downgraded Time Warner (NYSE: TWX) from Outperform to Market Perform with a price target of $72-$75 (from $87-$90). The change follows Q3 results and weak 2016 guidance. Analyst Marci Ryvicker said it was hard to support an outperform rating in the face of... More