UPDATE: Wedbush Upgrades Time Warner to Outperform on Margin and Risk Improvement
Posted on February 07, 2013 at 08:04 AM EST
Wedbush upgraded Time Warner (NYSE: TWX ) from Neutral to Outperform and raised the price target from $44.00 to $60.00. Wedbush commented, "[W]hile we continue to see fewer big-ticket catalysts in front of TWX than for some peers, we see a host of drivers that together should improve the shares'