Deutsche Bank Upgrades Liberty Capital (LCAPA) to Buy; Raising PT & Estimates

Deutsche Bank upgraded Liberty Capital (NASDAQ: LCAPA) from Hold to Buy. PT increased from $67 to $100.

Deutsche analyst says, "Catalysts include: (1) increased investor anticipation of a SIRI monetization transaction as the March 2012 end of the standstill agreement approaches; (2) further share repurchases, especially post-split off from Liberty Interactive (Nasdaq: LINTA); (3) potential for Braves sale in 2012; and (4) any monetization of publicly-held for sale securities."

"Overall, we believe LCAPA deserves a lower discount to SotP now, in particular on its SIRI stake. We are lowering our target discount from 32% to 17% with SIRI at 15% (from 30%) and private and other public assets at 25% (from 50% and 30%, respectively), while net cash is still valued at 100%."

For more ratings news on Liberty Capital click here and for the rating history of Liberty Capital click here.

Shares of Liberty Capital closed at $82.09 yesterday.

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