Wedbush reported on Thursday that they have upgraded entertainment company, Time Warner Inc.(TWX) to “Outperform.”
The firm has raised their rating on TWX from “Neutral” to “Outperform,” and has increased the company’s price target from $44 to $60. This price target suggests a 13% increase from the stock’s current price of $51.76.
Analysts view the company as a low risk stock for the next year. Additionally, the firm sees increases in operating estimates for 2014.
Looking ahead, analysts from the firm are estimating FY2013 earnings of $4.29. The average analyst estimate is $4.23
Time Warner shares were down 37 cents, or -0.71% during Thursday morning trading. The stock has increased 35% in the past year.
The Bottom Line
Shares of Time Warner Inc.(TWX) have a 2.22% yield, based on Thursday morning’s price of $51.76
Time Warner Inc.(TWX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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