Top Stories
Top Stories

Time Warner shares are going higher even if AT&T deal is blocked, Deutsche Bank says

The Time Warner Center in New York, Oct. 22, 2016
Michael Nagle | Bloomberg | Getty Images

Deutsche Bank on Tuesday told investors to buy Time Warner shares because they are worth more than where they are trading now even if the AT&T merger is blocked.

The company's shares are trading at a deep discount to AT&T's $107.50 a share takeover offer as investors see regulatory hurdles.

"We see limited downside if this merger is not approved by regulators," analyst Bryan Kraft wrote in a note to clients Tuesday.

"We see three primary potential outcomes for TWX, all of which yield a higher stock price than today's, in our view."