The parent company of such cable TV networks as HBO, TBS, TNT, and Cartoon Networks just got panned from a plethora of Wall Street analysts.
Although TWX shares were recovering in after-hours trading from Monday’s 3.1% slide, to $86.74, the takeover target of AT&T received downgrades from no less than nine financial institutions — a sign that the proposed deal isn’t warming over the hearts of many in the investment world.