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Fly News Breaks for May 5, 2016
TWX
May 5, 2016 | 07:32 EDT
After Time Warner reported stronger than expected Q1 results but maintained its 2016 guidance, RBC Capital says that the company's performance was "solid," and its weaknesses have not become more acute. As a result, the firm thinks that the company's guidance looks conservative, and it expects investors to become more confident in the name. RBC keeps a $92 price target and Outperform rating on the shares.
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