Seeking Alpha

Caris downgrades Time Warner (TWX -1.1%) to Average from Above Average on a valuation call after...

Caris downgrades Time Warner (TWX -1.1%) to Average from Above Average on a valuation call after shares soared 42% over the last year. Though The Dark Knight Rises is a global blockbuster, those results are already baked into share price, according to analyst David Miller. In addition, he sees a looming battle between Turner networks and cable companies over fees.
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