Qurate Retail Group (QRTEA) PT Raised to $1.25 at Citi

Citi analyst Jason Bazinet raised the price target on Qurate Retail Group (NASDAQ: QRTEA) to $1.25 (from $0.95) while maintaining a Neutral rating.

The analyst comments "We are updating our model to reflect 4Q23 results and our latest outlook. Our revenue and EBITDA estimates for 2024 move only marginally (less than 1%). However, our updated price target of $1.25 ($0.95 previously) reflects lower net debt and reduced bankruptcy risk given the recent rally in the 2027 bonds. We maintain our Neutral rating."

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