TD Cowen analyst Lance Vitanza raised the firm’s price target on Liberty Formula One (FWONK) to $115 from $110 and keeps a Buy rating on the shares. The firm is revising its 2Q outlook and includes MotoGP’s estimates starting in 3Q following Liberty’s July 3 acquisition close. Apple’s (AAPL) reported $150 million per year bid to secure Formula 1’s US broadcasting rights could raise the bar for future global media deals.
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Read More on FWONK:
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