UPDATE: Stifel Nicolaus Raises PT to $23 on Liberty Interactive Corporation in Improving Trends
Stifel Nicolaus reiterated its Buy rating on Liberty Interactive Corporation (NASDAQ: LINTA) and raised its price target from $21 to $23.
Stifel Nicolaus noted, "Following Liberty Interactive's earnings call, we are raising our target price to $23 (from $21) on improving consumer and operational trends and the likelihood of accelerated share repurchases in 4Q12. While commentary was limited from an outlook perspective, the company did say that excluding Germany the consumer trends continued to strengthen as the quarter went on and subsequent to the quarter."
Liberty Interactive Corporation closed at $20.49 on Tuesday.
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Tags: Stifel Nicolaus