BARRON’S ROUNDUP: Time Warner, United Technologies Set to Rise
(Bloomberg) -- Time Warner, which has climbed 13% YTD, may advance to $90 in the next year as revenue from movies, TV and video games rises, Barron’s said in the April 4 issue.
- Shares traded at $72.99 on April 1 after a 24% decline last year
- Movies to be released from Time Warner’s DC Entertainment in 2016 and 2017 include “Suicide Squad,” “Wonder Woman” and “The Justice League”
Other highlights from this week’s Barron’s (subscription required):
- United Technologies (UTX), which makes jet engines, Otis elevators and Carrier air conditioners, could return 20% over the next 12 months on increased cost-cutting, stronger results from the U.S. climate-control business and the introduction of a new commercial jet turbine, Barron’s said. UTC rejected an unsolicited $90.7 billion takeover offer from Honeywell earlier this year.
- Shares of industrial crane maker Manitowoc (MTW) may rise as new CEO Barry Pennypacker looks to reduce costs and improve margins. Manitowoc “has a strong franchise and generates plenty of cash,” Barron’s said. The company was spun off from food-service equipment business Manitowoc Foodservice on March 4.
- Endo International (ENDP), a specialty pharmaceuticals maker, could rebound more than 50% over the next 24 months as the company introduces generic versions of cholesterol medicine Zetia and bipolar treatment Seroquel XR. Shares of the company are down 53% this year amid an industry rout fueled by concern that Valeant Pharmaceuticals will default on debt agreements.
- Enterprise Products Partners (EPD), Cheniere Energy (LNG) and Spectra Energy Partners (SEP) are among the energy companies best positioned to weather the collapse in oil and gas prices, according to Barron’s investor roundtable. Spectra’s new natural gas pipelines in the Marcellus shale formation in Pennsylvania will allow the company to transport the fuel to other markets, said Robert Thummel, portfolio manager at Tortoise Capital Advisors.
- MercadoLibre (MELI), which operates an online trading site for Latin American markets, is set to gain as the industry expands, said Justin Thomson, portfolio manager for the T. Rowe Price International Discovery fund. Thomson told Barron’s that “it’s a company that has a high market share in an industry that is in its infancy and that we believe has good growth ahead of it.”
Alert:
HALISTERSource: BFW (Bloomberg First Word)
Tickers UTX US (United Technologies Corp)
LNG US (Cheniere Energy Inc)
ENDP US (Endo International PLC)
EPD US (Enterprise Products Partners LP)
MTW US (Manitowoc Co Inc/The)
People Barry Pennypacker (Manitowoc Co Inc/The)
Justin Thomson (T Rowe Price International Ltd)
Robert Thummel (Tortoise Capital Advisors LLC)
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