Maxim Group Maintains a 'Buy' on Liberty Media (LMCA); Waiting for Spinoff

Maxim Group maintains a 'Buy' on Liberty Media (NASDAQ: LMCA) price target raised $2 to $106.

Analyst, John Tinker, said, "Management was clear that the company was not interested in dealing with Comcast (Nasdaq: CMCSA)(Buy, PT $34) owned Streampix as it was not a premium service. We believe that Starz’s streaming rights to the Disney (NYSE: DIS)(NR) and Sony (NYSE: SNE)(NR) theatrical movies could be useful to Barnes & Noble’s (NYSE: BKS)(Buy, PT $20) NOOK in its battle with Amazon’s (Nasdaq: AMZN)(NR) Kindle Fire."

"Waiting for Spinoff: The main interest was in another Malone/Maffei controlled company, Liberty Interactive (Nasdaq: LINTA)(NR), which announced a spin into two parts – the operating QVC entity and the non-strategic assets (which might be divested). A key driver to LMCA should be how Sirius XM Radio (Nasdaq: SIRI)(Buy, PT $3.20) will be repositioned later this year."

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 $87.74 yesterday.

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