What Did This Analyst Just Do To Time Warner?

By on Dec, 29 2016 with Comments 0

As the year comes to a close, Time Warner just got a bit of a disappointment — courtesy of Brean Capital analyst Alan Gould.

Gould downgraded TWX shares from “Buy” to “Hold.”

Why?

Gould explains, “We are reducing our rating … as the arbitrage discount to the AT&T offer has shrunk to 12%, down from the high-teens, and TWX is now trading above our fundamental value of the low 90s.”

Time Warner on Thursday (12/29) closed up 47 cents, to $96.69.

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About The Author: Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.

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