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

Article Stock Quotes (1) Comments (0)

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.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Dollar Tree (DLTR) Beats But Looks Stretched - Jefferies
• Hewlett-Packard (HPQ) Q2 Performance Wins Praise on Wall Street; Jefferies Raises to Hold
• RBC Capital Lifts PT on Marvell (MRVL) after 'Strong' Q1 Report

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Maxim Group

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?