Citi Likes HSN Inc. (HSNI)

Citi Investment Research has a $36 price target and Buy rating on HSN Inc.

. In a note sent to investors, Citi writes, "We rate HSN a Buy for three reasons: 1) Solid operational performance during the downturn; 2) Potential to increase leverage and buyback stock; and 3) Liberty tender." Shares of HSNI gained 1 cent yesterday to close at $28.63.