Wunderlich Securities Retains Time Warner Cable Hold, Lowers PT

Wunderlich Securities retained its Time Warner Cable TWC Hold rating and lowered its Time Warner Cable price target from $80 to $75 in a research report published today. In the report, Wunderlich Securities states, "We are retaining our Hold rating and lowering our target on Time Warner Cable (TWC) to $75 from $80 following the announcement of the purchase of Insight Communications for $3 bn in cash." Shares of Time Warner Cable were trading at $64.78 at the time of posting, down 1.11% from Friday's market close.