Analyst: Time Warner Shares Should Be Swapped for Viacom’s

MarketWatch: Time Warner was downgraded to neutral from outperform at Wedbush Securities. At the same time, analyst James Dix upgraded Viacom to outperform from neutral. “We believe [Time Warner] shares are now fully valued while [Viacom] is undervalued.” For Viacom, Dix is now bullish because of the likely merger with CBS.