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Deutsche Bank Raises Price Target on Liberty Media (LMCA); Much Simpler Times

August 15, 2012 7:08 AM EDT
Get Alerts LMCA Hot Sheet
Price: $30.10 --0%

Rating Summary:
    11 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 10 | New: 10
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Deutsche Bank maintains a 'Buy' on Liberty Media (NASDAQ: LMCA) price target of $118.00 (from $100.00).

Deutsche analyst said, "LMCA is now a simple entity (no trackers, sister companies, hedges or collars; no large dfd tax liability; FCF positive), and is set to be even simpler with the announced Y/E ’12 spinoff of Starz, LLC, and followed by, we expect, a Sirius (Nasdaq: SIRI) deal in 2013. LCMA has $3.8b of cash and public for-sale securities post spin, allowing aggressive stock buybacks if the discount to asset value widens."

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 $98.95 yesterday.


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