Mass media giant Time Warner Inc. (
) 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
The Bottom Line
Shares of Time Warner (
) 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. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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