Time Warner shares remain Bewkerized

The gang at Time Warner are probably all smiles due to the fact that the stock seems to be rising from the dead and analyst are feeling pro Time Warner lately. Time Warner was up 6 cents at $20 after Cowen's Lowell Singer said the shares are poised to break a three-year trading range of $15 to $20 and outperform the market by at least 15% over the next 12 months. "We are encouraged by AOL's aggressive new advertising-focused strategy," Singer wrote. "While it will take several years for investors to fully evaluate the success of the strategy, near term data points are likely to be positive and drive margin improvement in its newly acquired Adelphia systems." Cowen upbeat about Time Warner [Marketwatch]