GLIBA - Citibank raises targets on Liberty companies after Charter bullishness

Citibank is raising price targets on a couple of companies in John Malone's Liberty family, a reaction to its own Q3 preview of cable companies. Citi had reiterated its Buy rating on Charter Communications (CHTR -1.5%), pointing to an acceleration of quarterly buybacks as a positive indicator. Its $735 price target there implies 18% upside. Now Citi has raised its targets on Charter-linked companies. It's taking its target on Liberty Broadband (LBRDK -1.4%) to $192 from $182; that implies 31% upside from current price. And it's boosting its target on GCI Liberty (GLIBA -1.3%) to $111 from $104; that implies 32% upside.

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Citibank raises targets on Liberty companies after Charter bullishness