Qurate Retail price target raised by 35c at Citi, here’s why

Citi analyst Jason Bazinet raised the firm’s price target on Qurate Retail to 95c from 60c and keeps a Neutral rating on the shares. The firm is lowering the likelihood of bankruptcy from 50% to 20%, as Qurate’s 2027 bond since Q3 results has rallied from roughly 60% to about 80% of par.