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Fly News Breaks for February 11, 2016
TWX
Feb 11, 2016 | 08:53 EDT
Goldman analyst Drew Borst reiterated a Buy rating on Time Warner and added the stock to the firm's Americas Conviction List, stating that its earnings visibility is high, unlike its peers, since Turner has completed its contact renewals with its top 10 distributors. Borst believes the valuation of Time Warner shares is attractive, noting that the stock trades at a discount to its closest media peers. The analyst lowered his price target on Time Warner to $80 from $83, noting that the new target implies 33% upside and 36% total return when its dividend is included.
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