Why Time Inc. (TIME) Stock Is Falling Today

NEW YORK (TheStreet) -- Time Inc. (TIME) shares had coverage initiated with a "market perform" rating and $22 price target by analysts at FBR Capital.

The legacy and online magazine publisher began trading on the market two weeks ago after spinning off from its parent company, Time Warner (TWX).

Time Inc. shares are down -1.1% to $23.90 in early market trading today.

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TIME Chart

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