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Fly News Breaks for January 15, 2020
Jan 15, 2020 | 20:52 EDT
Goldman Sachs analyst Michael Bishop reinstated coverage of Liberty Global with a Neutral rating and $24 price target. The analyst sees the outlook for the company as challenging in 2020 and believes that it will see continued operating cash flow declines of 2.4% given the headwinds it is facing in the U.K. and in Switzerland. Bishop adds however that Liberty Global is retaining "significant M&A optionality" which could be free-cash-flow accretive and models about $1B in incremental annual buybacks for the company.
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