Time Warner upgraded by Bernstein ahead of Time Inc. spinoff

|About: Time Warner Inc. (TWX)|By:, SA News Editor

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