Topeka Capital Starts Liberty Interactive (LINTA) at Buy, Sees Multiple Expansion
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Price: $29.92 +6.36%
Rating Summary:
7 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
7 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Topeka Capital initiates coverage on Liberty Interactive (NASDAQ: LINTA) with a Buy rating and $24 price target, calling it the "Queen of Video Commerce."
Analyst Victor Anthony comments: "We expect multiples to expand given: 1) continued solid performance at QVC, aided by product exclusivity and e-commerce; 2) share repurchases driving high-teens long-term EPS and free cash flow growth; and 3) international country launches, including Brazil and France. In our view, Liberty Interactive is a quality play on international diversification, a high margin profile, a high free cash flow yield, its pure-play e-commerce exposure, and a management team backed by John Malone, who has a consistent history of driving shareholder value.
For an analyst ratings summary and ratings history on Liberty Interactive click here. For more ratings news on Liberty Interactive click here.
Shares of Liberty Interactive closed at $18.48 yesterday.
Analyst Victor Anthony comments: "We expect multiples to expand given: 1) continued solid performance at QVC, aided by product exclusivity and e-commerce; 2) share repurchases driving high-teens long-term EPS and free cash flow growth; and 3) international country launches, including Brazil and France. In our view, Liberty Interactive is a quality play on international diversification, a high margin profile, a high free cash flow yield, its pure-play e-commerce exposure, and a management team backed by John Malone, who has a consistent history of driving shareholder value.
For an analyst ratings summary and ratings history on Liberty Interactive click here. For more ratings news on Liberty Interactive click here.
Shares of Liberty Interactive closed at $18.48 yesterday.
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