NEW YORK, February 8 (FinanceEnquiry.com) - Analyst Tuna Amobi of S&P Capital IQ reiterates his BUY rating on the shares of Time Warner (NYSE: TWX), while raising his estimates for the company.  The target price has been raised from $42 to $45.

In a research note published this morning, the analyst mentions that following the eventful 2011 capped by strong Q4, they expect momentum into 2012 due to improving US macro backdrop for TNT, TBS, international expansion (HBO, CNN) and upside on digital streaming (Netflix, Hulu). However, Time Warner will witness tough 2012 comps in film/TV (Harry Potter 7 - pt. 2), despite solid TV syndication pipeline (Big Bang Theory) and some considerable features (Dark Knight 2, Hobbit 1), the analyst says. The EPS estimate for 2012 has been raised from $3.26 to $3.37.