Liberty Broadband resumed with a Buy at Citi
Citi analyst Michael Rollins resumed coverage of Liberty Broadband (LBRDK) with a Buy rating and $73 price target. The company’s many asset is a 29% stake in Charter (CHTR), the analyst tells investors in a research note. Citi cites its Buy rating on Charter, Liberty’s “discounted valuation” and potential to accelerate free cash flow generation for the Buy rating.
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