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In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on Liberty Media Corp.
LMCA, and raised the price target from $122.00 to $137.00.
In the report, Poole noted, “Reaffirm Buy. LMCA is now a relatively simple entity: ~70% SIRI, ~18% CHTR, ~10% private assets (the Braves), ~10% other public stakes. LMCA trades at a 12% discount to current marked-to-market asset value, and mgmt continues to utilize LMCA's balance sheet and strategic flexibility to create further value. Given mgmt's track record, we continue to suggest at this point that Liberty should trade in line with its asset value. 12% upside to TP; Buy.”
Liberty Media Corp. closed on Friday at $122.46.
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