Courtesy of Benzinga.
In a report published Wednesday, analysts at Bank of America Merrill Lynch maintained their Buy rating on Time Warner Inc (NYSE: TWX), as well as their price target of $95. The analysts expect the company to report its 1Q results with revenue growth in the low-single digit range and OI growth in the mid-single digit range.
The analysts expect the company’s 1Q performance to be driven by affiliate fee growth at both Turner and HBO, along with favorable comps at Warner Bros, marginally offset by lackluster advertising at FX and Turner. However, both Warner Bros and Turner are likely to report better margins.
“As a result, our 1QE EPS is now $1.09 (vs. $1.08 prev),” the analysts added.
Latest Ratings for TWX
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2015 | Nomura | Maintains | Neutral | |
Mar 2015 | Deutsche Bank | Initiates Coverage on | Buy | |
Feb 2015 | Nomura | Maintains | Neutral |
View More Analyst Ratings for TWX
View the Latest Analyst Ratings
Posted-In: Bank of America Merrill LynchAnalyst Color Reiteration Analyst Ratings