Liberty Global price target raised to $21 from $18 at Benchmark

Benchmark raised the firm’s price target on Liberty Global (LBTYA) to $21 from $18 and keeps a Buy rating on the shares. Q2 results were consistent with this year’s annual guidance and “closely conformed” with Benchmark estimates, while management reaffirmed all 2025 guidance apart from an increase in Telenet’s EBITDAaL outlook and an improved Liberty Services and Corporate adjusted EBITDA outlook, the analyst tells investors in an earnings recap.