Argus reported on Friday that it has upgraded media company, Time Warner Inc (TWX) to a “Buy.”
The firm has raised its rating on TWX from a “Hold” to a “Buy,” and has given the company a $68 price target. This price target suggests a 16% increase from the stock’s current price of $57.01.
Time Warner shares were mostly flat during Friday morning trading. The stock has increased 55% in the past year.
The Bottom Line
Shares of Time Warner Inc (TWX) have a 2.01% yield, based on Friday morning’s price of $57.23.
Time Warner Inc (TWX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.