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Fly News Breaks for July 10, 2017
HSNI, QVCA
Jul 10, 2017 | 09:24 EDT
Craig-Hallum analyst Alex Fuhrman notes that QVC Group (QVCA) is acquiring HSN, Inc. (HSNI) in a stock transaction. The analyst believes this is a "strong" deal for the former with revenue and cost synergies likely beyond conservative guidance. Further, Fuhrman expects the merger to create synergies of about $200M over time. He reiterates a Buy rating and $28 price target on QVC Group's shares.
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