Citi lowered the firm’s price target on Liberty Global (LBTYA) to $11 from $13 and keeps a Neutral rating on the shares. The firm is “somewhat sympathetic” to management’s view that the company’s assets trade at a discount to fair value, but it sees little prospect of this changing while its “complexity remains, particularly while the group’s cash flows remain at a low level.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LBTYA:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue