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.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsBroadcasting & Cable TVConsumer DiscretionaryWunderlich Securities
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