Citi Provides Color on TW Telecom and Anadarko Petroleum Corporation

Citi provided color on TW Telecom TWTC and Anadarko Petroleum Corporation APC after meetings with the companies' management. In a research report published today, Citi reiterated its optimism about TW as the rating agency states, "We remain a Buyer of TW Telecom as our top- pick, as we continue to see prospects for 1) revenue growth to accelerate to an above consensus rate of almost 9% for 2012; 2) upside to FY12 OIBDA consensus of around 5% (based on our forecast) from better revenue growth and favorable operating leverage; & 3) better returns for shareholders with increasing balance sheet flexibility." On Tuesday, TW added 0.8% to its value to close the day at $20.19. In the same report, Citi maintained its optimism about Anadarko as well, "The reception to Anadarko's story was quite positive with universal agreement that the valuation is very attractive although the overwhelming view was also that unlocking much of this value awaits some resolution with both BP and the U.S. government on potential liabilities associated with Macondo. Management is keenly aware of this perception and that recent industry transactions and/or comps would put the value of the sum of the different parts of the company well above where the stock currently trades." On Tuesday, Anadarko added 1.4% to its value to close the day at $72.90.