Liberty Interactive (QVCA) Ratings Unaffected on zulily (ZU) Acquisition Announcement - Moody's

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Go back to Liberty Interactive (QVCA) Ratings Unaffected on zulily (ZU) Acquisition Announcement - Moody's

FBR Capital Remains Bullish on Liberty Interactive (QVCA) Following Announced Zulily Acquisition

August 17, 2015 3:10 PM EDT

FBR Capital reiterated an Outperform rating and $32.00 price target on QVC Group (NASDAQ: QVCA) following announced deal to acquire Zulily for $2.4 billion of cash and stock. Analyst Barton Crockett said that the acquisition announced before the market opened on August 17th, creates a new possibility of growth at a QVC that, until now, has had muted growth prospects.

Crockett commented, "QVC's surprising news... More