Analysts Bullish on Top Service Picks

By George MacDonald

There’s a lot to be optimistic about in the Service sector as 2 experts just weighed in on Priceline.com Inc (NASDAQ: PCLN) and Time Warner Inc (NYSE: TWX) with bullish sentimens.

Priceline.com Inc (NASDAQ: PCLN)

Barclays analyst Christopher Merwin maintained a Buy rating on Priceline.com (NASDAQ: PCLN) today and set a price target of $1550. The company’s shares opened today at $1435, close to its 52-week high of $1476.52.

According to TipRanks.com, Merwin is a 1-star analyst with an average return of -2.2% and a 54.1% success rate. Merwin covers the Technology sector, focusing on stocks such as Activision Blizzard, IAC/InterActiveCorp, and TripAdvisor Inc.

Currently, the analyst consensus on Priceline.com is Strong Buy and the average price target is $1587, representing a 10.6% upside.

In a report issued on July 21, Piper Jaffray also reiterated a Buy rating on the stock.
Time Warner Inc (NYSE: TWX)

In a report released yesterday, Joseph Bonner from Argus Research reiterated a Buy rating on Time Warner Inc (NYSE: TWX). The company’s shares opened today at $78.31, close to its 52-week high of $80.81.

Bonner wrote, “We see this latest foray into digital distribution as a hedge against a likely secular decline in cable subscribers.”

According to TipRanks.com, Bonner is a 5-star analyst with an average return of 9.0% and a 64.0% success rate. Bonner covers the Technology sector, focusing on stocks such as Activision Blizzard, Palo Alto Networks, and Microsoft Corp.

Currently, the analyst consensus on Time Warner Inc is Strong Buy and the average price target is $88.44, representing a 12.9% upside.

In a report issued on July 26, Brean Capital also reiterated a Buy rating on the stock.