Why Is Time Warner A Strong Buy – CWEB.Com
Time Warner (NYSE:TWX) is up 1.2% after an upgrade to Buy at UBS.
Time Warner stock is plenty strong on its own merits. Share prices are quietly going up.
Time Warner remains a solid company, and an inexpensive stock.
A potential merger between AT&T (T) and Time Warner (NYSE:TWX) , but a deal between the two media giants is still likely to get done.
“While we expect AT&T’s acquisition of Time Warner to be approved, we believe this environment would make Time Warner’s assets highly attractive to other media companies and internet-based competitors were the deal to be blocked,” analyst John Hodulik wrote in a note to clients Monday. ”
CWEB Analyst’s have initiated a Buy Rating for Time Warner (NYSE:TWX) and a Price Target of $150 within 12 months.
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