Deutsche Bank analyst Robert Grindle lowered the firm’s price target on Liberty Global (LBTYA) to $20 from $23 and keeps a Buy rating on the shares. The spinoff of Sunrise proved “materially successful” for Liberty Global shareholders and caused a detachment from recent U.S. dollar strength and higher interest rates, “but these have recently capped gains,” the analyst tells investors in a research note. The firm says its Buy thesis is intact.
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