Maxim Group Maintains Buy, Boosts PT on Liberty Media (LMCA) Following Starz Spin

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Today Maxim Group maintained a Buy on Liberty Media (NASDAQ: LMCA) and raised the price target to $140.00 (from $138.00).

LMCA is spinning out Starz, and this should result in more liquidity to pursue strategic objectives, thinks analyst John Tinker.

"LMCA is trading $101.89/share, a 14% discount to its net asset value of $119/share primarily based on the current market value of the stocks it owns. However, the Starz spin not only increases LMCA’s cash position but creates a purer play on SIRI allowing any increase in SIRI stock price to flow through directly - investors are effectively buying SIRI through LMCA at $1.79/share today," said Tinker.

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

Shares of Liberty Media closed at $101.89 yesterday, with a 52 week range of $72.70-$104.34.

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