Liberty Ventures (LVNTA) PT Raised to $78 at FBR Capital

FBR Capital raised its price target on Liberty Ventures (NASDAQ: LVNTA) to $78.00 (from $60.00) while maintaining a Buy rating. The price target change come mainly from factoring in the 22% rise over the last three months in the equity value of Charter. About 80% of LVNTA's asset value is contained in Charter/related equities and debt.

Barrons/CNBC reported on August 9 that, were a merger to happen, a deal price could reach a $500/share level that Charter believes it can achieve on its own, over time, with its current operations. That would be about 27% upside for Charter.

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