Seeking Alpha

Pure-play Time Inc. looks appealing to Wells Fargo

  • Wells Fargo initiates coverage on Time Inc. (TIME) with an Outperform rating and price target range of $27 to $29.
  • The investment firm cites management's strong reputation of turning around companies in taking its bullish stance. Wells notes plenty of cost-cutting moves are still on the table.
  • Time Inc. is considered the only pure-play magazine stock on the market.
  • Shares of Time are down 2.6% on their first day of trading.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs