TD Cowen analyst Lance Vitanza raised the firm’s price target on Liberty Formula One (FWONA) to $95 from $88 and keeps a Buy rating on the shares. The firm noted 4Q missed expectations due to soft race promotion revenue and higher costs tied to the LV Grand Prix.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FWONA:
- Positive Outlook for Liberty Media Formula One Despite Short-term Challenges
- Liberty Formula One price target raised to $94 from $86 at Guggenheim
- Liberty Formula One price target lowered to $110 from $115 at Morgan Stanley
- 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