By: Benzinga
UPDATE: Stifel Nicolaus Raises PT to $63 on Time Warner; Time to Be Spun Off
Stifel Nicolaus maintained Time Warner (NYSE: TWX ) with a Buy rating and raised the price target from $58.00 to $63.00. Stifel Nicolaus noted, "[O]ur positive stance on TWX has been (and continues to be) centered on the company's affiliate renewal cycle for Turner networks, healthy sub trends at HBO,
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