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Fly News Breaks for November 30, 2017
QVCA
Nov 30, 2017 | 06:47 EDT
DA Davidson analyst Tom Forte says that as shareholders prepare to vote on the pending QVC Group acquisition on December 29th, he expects investor focus to shift away from near-term operating results and toward the potential synergies of the deal. The analyst notes that the company has previously upped its projected synergy range to $200M-$220M from $75M-$110M at its November 16th analyst day, which he believes investors should find compelling. Forte keeps his Buy rating and $33 price target on QVC Group.
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