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Stock Market & Financial Investment News

News Breaks
June 13, 2014
06:12 EDTMDP, TIMETime Inc. initiated with a Buy at Citigroup
Citigroup expects the magazine industry to undergo a consolidation period with Meredith (MDP) acquiring Time Inc. (TIME) in Q4 of 2015. The firm initiated shares of Time with a Buy rating and $28 price target.
News For TIME;MDP From The Last 14 Days
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August 28, 2015
11:31 EDTTIMETime Inc. announces debut of The Foundry
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August 21, 2015
07:25 EDTMDP, TIMECiti sees much less probability of Meredith acquiring Time
Citi analyst Jason Bazinet reduced his probability of Meredith (MDP) acquiring Time (TIME) to 20% from 65%. Time's moves to cut costs and monetize assets bring less opportunity for Meredith to create value, the analyst tells investors in a research note. He lowered his price target for Buy-rated Time to $29 from $30 and Neutral-rated Meredith to $47 from $57. Bazinet still believes Time is an attractive investment as a standalone company.

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