New Street upgrades Liberty Global stock rating on valuation view
New Street Research upgraded Liberty Global (LBTYA) to Buy with a $14.00 price target, citing undervaluation. The stock trades near its 52-week low at $7.50. The firm expects no TopCo cash injections, with a value range of $9 to $18 per share. Management is incentivized to support share price. Morgan Stanley reported mixed earnings for European telecoms, with 60% beating revenue expectations but half missing EBITDA targets.


