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Fly News Breaks for June 16, 2015
TWX
Jun 16, 2015 | 06:19 EDT
JPMorgan raised its year end price target for Time Warner shares to $96 and reiterates an Overweight rating on the name. Despite "several anticipated headwinds," the firm sees possible upside to Q2 estimates and believes the stock is not appropriately reflecting the company's accelerating earnings growth. The firm expects Time Warner to grow earnings by a high teens compound annual rate over the next several years,
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