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Analysts’ Actions: Time Warner a Buy, Abercrombie Dumped to Sell, Exxon Boosted

July 26, 2023
in Trade Tube
Reading Time: 1 min read
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Time Warner’s a buy, a no-go for Abercrombie and Exxon Mobil could go higher, all in Thursday’s Analysts’ Actions. Deutsche Bank initiated Time Warner as a BUY with a $100 price target. The firm said the company has strong growth due to subscriptions and affiliate fees. Abercrombie & Fitch was downgraded to SELL from HOLD at Topeka Capital and its price target was cut to $18 from $26. Analysts said the retailer’s business turnaround was taking longer than expected. And Exxon Mobil had its price target boosted to $85 at Credit Suisse after cutting 2015 capex by 12%. An UNDERPERFORM rating was reiterated.

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