Morgan Stanley lowered the firm’s price target on Liberty Formula One (FWONK) to $110 from $115 and keeps an Overweight rating on the shares. The Las Vegas GP had a “sophomore slump” and there is work to be done to show the market it can rebound in 2025, says the firm, which lowered estimates but remains “bullish” on sports, F1, and MotoGP.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FWONK:
- Liberty Formula One price target lowered to $80 from $83 at Wells Fargo
- Sell Rating for Liberty Media Formula One Due to Media Rights and Las Vegas Grand Prix Impact
- Liberty Media Reports Strong 2024 Results
- Positive Outlook for Liberty Media Formula One: Buy Rating Amid Growth Opportunities and Strategic Partnerships
- Liberty Formula One reports Q4 revenue $1.17B, consensus $1.36B