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Stifel is starting coverage on both HSN (HSNI +0.8%) and QVC owner Liberty Interactive (LINTA...
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Tuesday, January 10, 2012, 12:32 PM ETStifel is starting coverage on both HSN (HSNI +0.8%) and QVC owner Liberty Interactive (LINTA +1.4%) with Buy ratings (I, II). The firm likes HSN's technology investments and reliance on high-income consumers, and touts QVC's pricing power and potential for higher international conversion rates. It also notes QVC's Euro results have held up well in spite of a weak macro backdrop.
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