Canaccord Genuity adds $12 to its price target on Time Warner (TWX) to take it to $53. The firm...

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

Canaccord Genuity adds $12 to its price target on Time Warner (TWX) to take it to $53. The firm sees a rotation into TWX as fund managers move off of other entertainment names sitting at 52-week highs. It's a bit of a speculative take with Time Warner's fastest growth not slated until 2014-2015. TWX +1.0% premarket.