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Liberty Global reinstated with a Buy at Citi

Citi reinstated coverage of Liberty Global with a Buy rating and $25 price target. Liberty’s holding discount now leaves negative equity value for its holdings in operation companies, the analyst tells investors in a research note. The firm views the upcoming capital markets day, and subsequent listing of Swiss assets by the end-fiscal 2024, as a “major catalyst to unveil the underlying value of the group.”

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