Wunderlich Boosts Target for Time Warner; Turner to Propel Subscription Fee Growth (TWX)

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Mass media giant Time Warner Inc. ( TWX ) on Thursday caught some further bullish commentary from analysts at Wunderlich Securities.

The firm reiterated its "Buy" rating on TWX and lifted its price target from $51 to $54. That new target suggests a solid 25% upside to the stock's Wednesday closing price of $43.07.

Wunderlich noted that the company's Turner unit should help propel subscription fee growth in coming quarters.

Time Warner shares were mostly flat in premarket trading Thursday.

The Bottom Line
Shares of Time Warner ( TWX ) have a 2.41% dividend yield, based on last night's closing stock price of $43.07. The stock has technical support in the $38-$39 price area. If the shares can firm up, we see overhead resistance around the $44-$47 price levels.

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 .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: TWX

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