Qurate Retail price target lowered to 90c from $1.30 at Citi

Citi analyst Jason Bazinet lowered the firm’s price target on Qurate Retail to 90c from $1.30 and keeps a Neutral rating on the shares. Qurate’s equity and debt have come under pressure, and while there aren’t any near-term liquidity issues, the risk of bankruptcy in the long run "may be rising," the analyst tells investors in a research note. Citi updated its target price to reflect this risk.