Mass media giant Time Warner Inc. ( TWX ) on Wednesday caught a big upgrade from analysts at Barclays Capital.
The firm raised its rating on TWX from "Equalweight" to "Overweight" while boosted its price target from $36 to $38. That new target suggests a 20% upside to the stock's Tuesday closing price of $29.99.
Time Warner shares were unchanged in premarket trading Wednesday.
The Bottom Line
Shares of Time Warner ( TWX ) have a 3.13% dividend yield, based on last night's closing stock price of $29.99. The stock has technical support in the $28 price area. If the shares can firm up, we see overhead resistance around the $32-$34 price levels.
Time Warner Inc. ( TWX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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