UPDATE: Morgan Stanley Raises PT to $96 on Liberty Capital

A report from Morgan Stanley reiterates its Overweight rating and raises its price target to $96 on Liberty Capital

. The report states, “Collapsing the trackers increases our conviction that LCAPA shares are attractive over the next 6 to 12 months. Potential positive catalysts ahead are tax efficiently monetizing its SIRI stake and increasing leverage, driving buybacks higher.” LCAPA closed yesterday at $78.19.