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Fly News Breaks for January 17, 2018
LBTYA
Jan 17, 2018 | 07:43 EDT
As previously reported, Morgan Stanley analyst Benjamin Swinburne upgraded Liberty Global to Overweight from Equal Weight, as he believes the benefit of adding over 1M new cable households through 2017 in the U.K. should help its rebased revenue growth accelerate from about 2% in 2017 to about 3.5% and 4.2%, respectively, in 2018 and 2019. Such revenue growth acceleration should support, and perhaps expand, Liberty's multiple, said Swinburne. He raised his price target on Liberty Global shares to $42 from $38.
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