Time Warner warns on ad revenue as ratings fall, shares plunge
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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
21st Century Fox (FOXA) Margin Upside Offset by Industry Concerns - Nomura
November 4, 2015 3:58 PM ESTNomura Securities analyst Anthony DiClemente reiterated Buy rating and $31 price target on 21st Century Fox (NASDAQ: FOXA), noting margin upside was offset by industry concern.
DiClemente commented, "Foxs Cable Networks division surprised to the upside on OIBDA, and Television OIBDA was... More
