Time Warner’s First Quarter Results Reaffirm Our Stance
Time Warner Inc. (NASDAQ: TWX) recently reported its Q1 2016 earnings. The results reinforced our bullish stance on the stock. We have upgraded our price estimate to $93, which implies a meaningful premium to the market price. Here are a few reasons why we believe Time Warner could do well going forward.
Notes:
[1] How will HBO, Political Ad Spending and Box Office Collection Affect Time Warner Inc’s Q1 Revenue?, Trefis , May 03,2016
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[2] Time Warner (TWX) Earnings Report: Q1 2016 Conference Call Transcript
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