New structure 'good news' for Liberty shares, says Deutsche Bank

theflyonthewall.com

Deutsche Bank believes Liberty Media's (LMCA) shift to a dual tracking stock structure while ending its pursuit of buying Sirius XM (SIRI) is "good news" for Liberty Media shares. Deutsche notes that should Liberty revert to its prior 5% discount to asset value, the stock would be at $143. The firm has a Buy rating on the name with a $164 price target.

View Comments (0)