Deutsche Bank downgraded Liberty Broadband (LBRDA) to Hold from Buy with a price target of $95, up from $90, following Wednesday’s announcement that Liberty Broadband and Charter (CHTR) have reached a definitive agreement to merge. The firm says the decrease in the net asset value discount due to the merger announcement, combined with the increase in Charter’s stock price, leaves Liberty Broadband trading within 6% of its price target.
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