Citi Restarts Time Warner Cable (TWC) at Buy, Sets $99 Target
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Price: $209.56 --0%
Rating Summary:
11 Buy, 20 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 42
Rating Summary:
11 Buy, 20 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 42
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Citi's Jason Bazinet reinitiated coverage on shares of Time Warner Cable (NYSE: TWC) with a Buy rating and a $99 price target, up from $88 previously.
The analyst said free cash flow could reach $8 per share in 2013. He expects management to continue returning capital to shareholders.
With Time Warner Cable shares up 1.2 percent to $81.92 at last check, Bazinet's new price target implies potential upside of about 21 percent.
For an analyst ratings summary and ratings history on Time Warner Cable click here. For more ratings news on Time Warner Cable click here.
The analyst said free cash flow could reach $8 per share in 2013. He expects management to continue returning capital to shareholders.
With Time Warner Cable shares up 1.2 percent to $81.92 at last check, Bazinet's new price target implies potential upside of about 21 percent.
For an analyst ratings summary and ratings history on Time Warner Cable click here. For more ratings news on Time Warner Cable click here.
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