An analyst downgraded shares of Time Warner Inc. on Wednesday, saying the factors that could boost growth at the media company are largely past it.
Morgan Stanley analyst Ben Swinburne lowered his rating to "Equal Weight" from "Overweight." He said any return on the stock would be in line with its peers.
Moreover, prospects at the company's Warner Bros. movie studio are not as clear once the Harry Potter slate of films ends in July 2011, the analyst said.
Read more from the Associated Press.
