Time (TIME) Tops Q3 EPS by 5c
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UPDATE: Wells Fargo Downgrades Time Inc. (TIME) to Market Perform; Stock May Continued to Trade Sideways, Says Analyst
November 6, 2015 7:07 AM EST(Updated - November 6, 2015 3:55 PM EST)
Wells Fargo downgraded Time Inc. (NYSE: TIME) from Outperform to Market Perform with a price target of $19-$21 (from $27-$29). Analyst Eric Katz said it wasn't an easy downgrade since the stock is cheap, but given cuts to 2016 OIBDA, he thinks the stock may trade sideways.
"The problem here is that at this point in... More
Time (TIME) Will Sell Blue Fin Building; Approves Buyback, Debt Repayments
November 5, 2015 9:44 AM ESTTime (NYSE: TIME) announced the following on Thursday:
On October 30, 2015, we entered into a definitive agreement to sell the Blue Fin Building, our principal executive offices in the U.K., for 415 million British pounds ("GBP"). The sale is expected to be consummated in the fourth quarter of 2015.
Effective upon... More
