Some good click bait headlines to start the day: AT&T-Time Warner deal doomed? AT&T-TIME WARNER DEAL DOOMED? — Via a D.C. lobbyist: “If history is any guide, millions of dollars will be spent on lobbying the WH, Congress & key committees to nudge the merger towards approval. But anyone paying close attention to recent mega-telecom match-ups will realize that the FCC has managed a very tight inter-agency process that has kept outside political influences at bay. “Sometimes in the past the announcement of a potential merger began what was essentially a negotiation with the FCC on pricing, public access, etc. That system no longer rules…… If the application itself is wanting, marketplace actions taken in contemplation of FCC approval will have zero impact on the government's deliberations. FCC commissioners and staff are no longer messing around.” CAVEAT … It’s not certain the FCC will even get the chance to shut the deal down http://www.politico.com/tipsheets/morning-money/2016/10/at-t-time-warner-deal-doomed-217004
Time Warner trading at deep discount to AT&T's offer as investors see regulatory hurdles http://www.cnbc.com/2016/10/24/time...adline|headline|story&par=yahoo&doc=104042719
Analyst Upgrade/Downgrade Update Brokerage firm: MKM Partners Change: Downgrade Previous Rating: Buy Current Rating: Neutral Previous Price Target: N/A Current Price Target: $107.50 Analyst Upgrade/Downgrade Update Brokerage firm: Macquarie Change: Downgrade Previous Rating: Outperform Current Rating: Neutral Previous Price Target: N/A Current Price Target: N/A Analyst Upgrade/Downgrade Update Brokerage firm: Goldman Change: Downgrade Previous Rating: Buy Current Rating: Neutral Previous Price Target: N/A Current Price Target: N/A Analyst Upgrade/Downgrade Update Brokerage firm: MoffettNathanson Change: Downgrade Previous Rating: Buy Current Rating: Neutral Previous Price Target: N/A Current Price Target: N/A Analyst Upgrade/Downgrade Update Brokerage firm: Pivotal Research Group Change: Downgrade Previous Rating: Buy Current Rating: Hold Previous Price Target: $94 Current Price Target: $107.50 Analyst Upgrade/Downgrade Update Brokerage firm: Credit Suisse Change: Downgrade Previous Rating: Outperform Current Rating: Neutral Previous Price Target: N/A Current Price Target: N/A Analyst Upgrade/Downgrade Update Brokerage firm: RBC Capital Mkts Change: Downgrade Previous Rating: Outperform Current Rating: Sector Perform Previous Price Target: $95 Current Price Target: $108
Analyst Upgrade/Downgrade Update Brokerage firm: Stifel Change: Coverage Reiterated/Price Target Changed Previous Rating: N/A Current Rating: Hold Previous Price Target: $81 Current Price Target: $105 Analyst Upgrade/Downgrade Update Brokerage firm: FBR & Co. Change: Coverage Reiterated/Price Target Changed Previous Rating: N/A Current Rating: Market Perform Previous Price Target: $81 Current Price Target: $97 Analyst Upgrade/Downgrade Update Brokerage firm: Wedbush Change: Coverage Reiterated/Price Target Changed Previous Rating: N/A Current Rating: Neutral Previous Price Target: $90 Current Price Target: $105
Analyst Upgrade/Downgrade Update Brokerage firm: Wedbush Change: Upgrade Previous Rating: Neutral Current Rating: Outperform Previous Price Target: N/A Current Price Target: $105
Analyst Upgrade/Downgrade Update Brokerage firm: Barclays Change: Upgrade Previous Rating: Equal Weight Current Rating: Overweight Previous Price Target: $74 Current Price Target: $95
$NFLX pop perhaps due to upbeat results and guidance from $TWX - particularly upbeat on subscription revenue
Analyst Upgrade/Downgrade Update Brokerage firm: Credit Suisse Change: Upgrade Previous Rating: Neutral Current Rating: Outperform Previous Price Target: N/A Current Price Target: N/A
Upcoming dividend information: Ex-Div-Date: 11/28/16 Payment Date: 12/15/16 Dividend: $0.40 Current Price: $91.35 Annual Yield: 1.76%
U.S. demands CNN or DirecTV sale to approve AT&T/Time Warner deal NEW YORK/WASHINGTON (Reuters) - The U.S. Department of Justice is pushing AT&T Inc (T.N) to sell Turner Broadcasting, parent of CNN cable network, or its DirecTV satellite television unit to satisfy antitrust concerns over its purchase of Time Warner Inc (TWX.N), sources told Reuters on Wednesday. U.S. President Donald Trump has accused Time Warner's CNN and other media of being unfair to him and criticized the deal on the campaign trail last year, vowing that as president his Justice Department would block it. AT&T is prepared to fight any divestitures required to win regulatory approval of the $85.4 billion deal, according to sources familiar with the matter. The development was a surprise to investors. Shares of Time Warner fell 6.5 percent to $88.54, while AT&T shares were down 0.2 percent at $33.15.
The shorts are going to get burned in this stock. We’re going to wake up one morning with TWX at $105
When it comes down to it T does not need TWX, could drop everything today and T would still be undervalued. TWX on the other hand...
