UPDATE: Morgan Stanley Raises Liberty Interactive Group's PT
According to a research report published this morning, Morgan Stanley has increased Liberty Interactive Group's (NASDAQ: LINTA) PT from $21 to $22.
In the report, Morgan Stanley said, "We remain OW, as we continue to view QVC as an undervalued, stable-growth asset trading at an 11% ‘13E adj. FCF yield. We believe LINTA can maintain a ~25% FCF/share and ~15% adjusted EPS '12-15E CAGR. Accelerating buybacks and the LVNTA tracker creation should highlight the value of QVC."
Liberty Interactive Group is currently trading at $18.29.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.