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Fly News Breaks for July 10, 2018
LBTYA
Jul 10, 2018 | 12:06 EDT
JPMorgan analyst Akhil Dattani initiated coverage of Liberty Global with an Underweight rating and $24 price target. The stock in midday trading is down 40c to $29.07. Liberty is at a "difficult crossroad" after selling its highest growth assets to Vodafone, Dattani tells investors in a research note. He believes the company is facing "mounting headwinds across the remaining footprint." The analyst hopes Liberty pursues acquisitions and investments targeted at raising its growth and cash flow outlook.
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