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Fly News Breaks for September 29, 2015
QVCA, ZU
Sep 29, 2015 | 07:24 EDT
Wells Fargo says that market volatility and "confusion" about Liberty Interactive's (QVCA) acquisition of zulily (ZU) has created a buying opportunity for Liberty's stock. The firm believes that Liberty has a number of defensive characteristics, and the firm thinks that investors are underestimating the positive effects of the zulily deal on Liberty. Wells keeps an Outperform rating on Liberty.
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