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Wedbush Upgrades Time Warner to “Outperform” (TWX)
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.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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