Time Warner Inc (NYSE:TWX) Rises Ahead of Time Inc. Spinoff

0
763

Dallas, Texas 05/15/2014 (FINANCIALSTRENDS) – Time Warner Inc (NYSE:TWX) is rising after analyst upgraded ratings for the company ahead of a spinoff of Time Inc. as a separate company, effective as of June 6, 2014. Time Inc. is one of Time Warner’s most high-profile and highly-trafficked assets which holds 23 magazines and 45 websites, including TIME, Fortune, People, Entertainment Weekly and Sports Illustrated.

It’s Time for the Time Inc. Spinoff

Those who are TWX shareholders of record as of May 23, 2014 will automatically be getting one share of Time Inc. for every eight shares of Time Warner common stock held. Time Inc. Fractional shares will be sold in the open market after being aggregated, and Time Warner shareholders will then receive the net proceeds distributed pro rata in cash payments.

Time Inc. common stock begins trading on May 21, 2014 on a “when-issued” basis on the NYSE under the symbol “TIME.WI” and will shift to regular trading under the “TIME” symbol on June 9.

Time Warner Inc Gets Analyst Upgrades

Time Warner Inc. has some investor sentiment fueling momentum ahead of the Time Inc. spinoff, and it was solidified with a slew of upgrades or continued buy ratings from analysts. For starters, Sanford C. Bernstein moved TWX from “market performs” to “outperform,” and hiked the price target from $73 to $84. For the record, TWX closed at 69.17, so the new price target gives it a heck of a lot more room to grow.

Secondly, TheStreet reiterated Time Warner Inc as a “buy” with a ratings score of A. Wunderlich likewise reiterated Time Warner Inc as a “buy” with a price target of $83. FBR Capital Markets kept it’s “outperform” rating for TWX, and boosted the price target from $78 to $80.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.