Liberty Global LiLAC (LILAK) PT Lowered to $19.40 at Scotiabank

Scotiabank analyst Andres Coello lowered the price target on Liberty Global LiLAC (NASDAQ: LILAK) to $19.40 (from $21.00) while maintaining a Sector Perform rating.

THe analyst comments "While we can't afford to ignore the risk, we also caution against adopting an overly catastrophic view on an issue that is not yet irreparable and whose timing is uncertain. We are taking the first steps to incorporate higher insurance costs and a provision for natural disasters into our LiLAC model; at the same time, we recognize that high concentration levels in the Caribbean telecom industry (duopoly) could help LiLAC achieve higher-than-average margins."

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