Liberty Interctive (LVNTA): Raising PT On Ventures Split - FBR

October 21, 2016 6:46 AM EDT
Get Alerts LVNTA Hot Sheet
Price: $39.40 --0%

Rating Summary:
    3 Buy, 3 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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FBR Capital analyst, Barton Crockett, reiterated his Outperform rating on shares of Liberty Ventures (NASDAQ: LVNTA) and raised the price target to $45 from $42 ahead of Ventures shareholder vote for its planned split-off of its Expedia holdings on November 1. The new stock is expected to start trading on November 4.

The analyst stated "we believe Ventures is attractive in this transaction, as the spin provides pressure to narrow the SOTP discount".

For an analyst ratings summary and ratings history on Liberty Ventures click here. For more ratings news on Liberty Ventures click here.

Shares of Liberty Ventures closed at $40.09 yesterday.

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