Albert Fried On Apple And Time Warner Talks: Not Probable, But Beneficial
Albert Fried & Company’s Rich Tullo reiterated Time Warner Inc (NASDAQ: TWX) at Overweight with a $90.00 price target. The reiteration came after Financial Times reported Apple Inc. (NASDAQ: AAPL) and Time Warner held preliminary talks “that did not rise to the level of the CFO suites,” according to the analyst.
The Albert Fried analyst believes these talks could eventually expand to the C-suite, as Tullo believes there are “several reasons why Apple’s Eddie Cue and TWX would talk.” Most notably:
Tullo later downplayed his above points, saying he “does not see Apple merging with TWX however the talks do support our view that TWX is a strategic value with a catalyst kicker in Warner Brother’s summer movie schedule.”
At the time of writing, Apple was trading up 0.71 percent and Time Warner up 1.43 percent.
Latest Ratings for AAPL
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Barclays | Maintains | Equal-Weight | |
| Feb 2022 | Tigress Financial | Maintains | Strong Buy | |
| Jan 2022 | Credit Suisse | Maintains | Neutral |
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