Bank of America Provides Color on TW Telecom

Bank of America provided color on TW Telecom TWTC. In a research report published today, the rating agency stressed its belief the company's outlook will remain positive ahead of the company's Q2 results, which are due on Tuesday, August 9. In the report, Bank of America states, “We believe TW Telecom sees more opportunity than risk in the current environment and is investing for growth. We are looking for commentary with regard to market share gains and recent wins.” At the moment, Bank of America has a Neutral rating and a price target of $23.50 placed on the company's stock. On Friday, TWTC closed the day at $17.50.