Seeking Alpha

Time Warner upgraded by Bernstein ahead of Time Inc. spinoff

  • Time Warner (TWX) is raised to an Outperform rating from Market Perform by analysts at Bernstein.
  • The investment firm also adds $11 to its price target to take it to $84.
  • The upcoming distribution of Time Inc. has analysts divided on if buying before or after the distribution is a smarter play.
  • TWX +1.0% premarket
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