Deutsche Bank reiterates its Buy rating on Time Warner TWX and raises its price target from $43 to $44 on valuation multiples.
Deutsche Bank says, "TWX's stock is at 10x ‘13E P/E, suggesting 20% upside NTM just
maintaining its 12x '12E multiple. TWX has 70% of EBITDA from cable nets, leading market
shares & scale, improving int'l and 100% return of FCF to S/H."
TWX closed at $36.65 on Friday.
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