Fly News Breaks for January 2, 2020
Jan 2, 2020 | 07:31 EDT
TD Securities analyst Bentley Cross downgraded Liberty Broadband (LBRDK) to Hold from Buy with an unchanged price target of $135, stating that while it remains his preferred Charter (CHTR) investment vehicle he thinks a lower rating is in order given the stock's 75% gain in 2019 and "narrowing of the holdco discount" to 11%, which he notes is back in line with historical norms.
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