Thomas Weisel noting value in Time Warner (TWX)


Time Warner (NYSE: TWX) logoTime Warner Inc. (NYSE: TWX) is seeing its shares being reiterated with an Overweight rating at Thomas Weisel, and the brokerage firm has a $24.00 price target on the stock.

One of the winning issues was the success of the latest Harry Potter film Harry Potter and the Order of the Phoenix that could help the media giant beat earnings estimates. The note also lists positive home video sales as a catalyst that could lift earnings.

Thomas Weisel's analyst Gordon Hodge also notes the likelihood that over the next 18 months the media conglomerate may spin off its cable, AOL, or even publishing units. Does this sound familiar or what? I wrote about both scenarios numerous times, mentioning the possible stake sale in cable, and how AOL can become its own tracking stock as well.

Last week Time Warner was started with a Neutral rating at Credit Suisse. There is obviously a lot of value that can be unlocked, and it seems analyst are slowly getting around the "unlocking value" story.
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Last updated: February 13, 2012: 04:38 AM

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