UPDATE: Wunderlich Raises PT to $89 on Liberty Capital

Wunderlich Securities maintains its Buy rating on Liberty Capital Group

and raises it price target from $84 to $89 per share on strong performance of BKS asset. According to Wunderlich, “An S&P report that indicated Liberty is finalizing a 5-year $1.5bn credit line was a contributor. LCAPA has a convertible preferred investment in BKS that converts to a 17% equity position, along with two board seats and a 7.75% dividend yield. Tech reviews suggest that the Nook Tablet is not apt to get immediately "big footed" by the Amazon (AMZN-NR) Kindle Fire, as it actually has better hardware specs and comparable or better content access, if fewer apps.” LCAPA closed at $79.67 per share on Monday.