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Fly News Breaks for November 12, 2019
QRTEA
Nov 12, 2019 | 08:40 EDT
Craig-Hallum analyst Alex Fuhrman lowered his price target for Qurate Retail to $16 from $24 following the company's Q3 results, which included "challenged" top-line results and a bottom-line beat. Management noted a continued difficult retail environment, while continued synergies from the HSN acquisition remain on track, which Furhman believes should provide stable EBITDA despite further potential revenue headwinds, the analyst tells investors in a research note. He keeps a Buy rating on the shares.
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