GCI Liberty price target lowered to $62 from $70 at B. Riley FBR. B. Riley FBR analyst Barton Crockett lowered his price target for GCI Liberty (GLIBA) to $62 after updating his sum-of-the-parts analysis. The analyst still sees potential upside of 30%-plus, likely realized over next couple years via a merger with Charter Communications (CHTR). Charter is likely interested in GCI Liberty because of its holdings of Charter-related equity and its Alaskan cable business, Crockett tells investors in a research note. He keeps a Buy rating on GCI.
GCI Liberty price target lowered to $43 from $59 at Citi. Citi analyst Jason Bazinet lowered his price target for GCI Liberty to $43 saying the company reported "slightly weaker" revenue and EBITDA in Q1, its first quarter as a part of the Liberty family. The analyst maintains a Neutral rating on the shares.