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Fly News Breaks for January 3, 2018
Jan 3, 2018 | 06:57 EDT
DA Davidson analyst Tom Forte raised his price target on QVC Group to $37 and kept his Buy rating. Forte says that with the acquisition of HSNi completed, investor focus will shift to the "tremendous free cash flow QVC Group will generate, due to the combination of the first and second largest players in the video retailing category". The analyst says he is "very bullish" on the transaction, recommending that investors buy the stock at current levels.
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