Who Will Buy AOL?
According to FORBES.com, shares of Time Warner rose yesterday after analyst Richard Greenfield announced changes are impending at the company and upgraded the stock.
The stock rose from 19 cents to $21.05 in morning trading. Greenfield, an analyst for Pali Research upgraded the stock from “Neutral” to “Buy,” sating that Time Warner is potentially considering new alternatives to raise stock value.
The company is also conjectured to either, buy back about $14 billion of stock; sell its publishing division; or split from its Time Warner Cable or AOL sectors.
Greenfield has been quoteted to say that any of thesemeasures may yield a stock price of $25 at minimum over the following year.
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