- Pivotal Research has reiterated its Buy and raised its target on Liberty Global, though the new target mainly reflects some favorable currency movement.
- It's updated estimates considering the impact of the COVID-19 pandemic - in particular, seeing lower revenues but higher EBITDA.
- Meanwhile it maintains high expectations for the Virgin Media/O2 (TEF +1%) merger, which would feature best-in-market products along with the chance to more fully utilize net operating losses in the UK.
- It's raised its price target on LBTYK to $30 from $27, implying 32% upside.
- Wall Street is Bullish on the stock, while Seeking Alpha authors are Very Bullish. It has a Quant Rating of Neutral.