Jessica at Merrill just raised her price target 10 bucks on Time Warner TWX!!!! Yes!!! Yes!!!!
Time Warner Inc. (TWX)
Our price objective of $95 is based on 16x our CY2016E EPS, a slight
premium to the peer average given our view of TWX's elevated growth trajectory. Our PO
is 11.9x our CY15E EBITDA. Our target multiple is based on historical trading
ranges, current peer comparisons and recent M&A transactions