Fly News Breaks for June 3, 2015
TWX
Jun 3, 2015 | 07:11 EDT
Credit Suisse initiated Time Warner with an Outperform with a $110 price target and added it the the U.S. Global Focus List. The firm is bullish on Time Warner given it is a pure-pay content owner and well positioned to take advantages of structural changes as video content migrates online and new opportunities emerge, HBO NOW roll-out should increase new demand, affiliate fee growth, and discounted valuation.
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