Topeka Capital Reiterates Buy On Liberty Interactive; Raises PT To $35
In a research report issued today, Topeka Capital analyst Victor Anthony reiterated a Buy rating on Liberty Interactive Group (NASDAQ:LINTA) with a price target of $35, as the company announced the reattribution of the Liberty digital commerce companies to the Liberty Ventures Group, in a transaction valued at $2B.
Anthony noted, “Per Liberty, the pure-play QVC group provides more targeted share repurchase and equity incentives. We also see a faster international expansion roadmap and the potential for consolidation in the domestic market.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Victor Anthony has a total average return of 22.3% and a 75.2% success rate. Anthony has a 8.7% average return when recommending LINTA, and is ranked #20 out of 3315 analysts.