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FBR Capital Starts Liberty Media (LMCA) at Outperform

April 19, 2016 9:10 AM EDT
Get Alerts LMCA Hot Sheet
Price: $30.10 --0%

Rating Summary:
    11 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 11
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FBR Capital initiates coverage on Liberty Media (NASDAQ: LMCA) with a Outperform rating and a price target of $23.00.

Analyst Barton Crockett commented, "After day one of Liberty Media's recapitalization into three separate tracking stocks, we see buying opportunities at both the new Liberty Media and Liberty Sirius shares, which closed at meaningful discounts to their sum-of-theparts values. We see Liberty Media, the stub equity resulting from the Liberty SiriusXM and Liberty Braves spins, trading at a 19% discount to its sum-of-the-parts value, and Liberty SiriusXM, which is almost entirely comprised of liquid SiriusXM (SIRI) stock, trading at a 13% discount to its sumof-the-parts value using SiriusXM's price as of Monday's close and a 25% discount using our price target of $4.25 for SIRI shares."

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 $19.03 yesterday.



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