Benchmark raised the firm’s price target on Liberty Formula One (FWONA) to $102 from $81 and keeps a Buy rating on the shares. The firm’s revised 2025 price target reflects the removal of a 10% complexity discount with the simplification of Liberty’s overall structure, including ongoing spin activity including for Liberty Live, along with the “enthusiastic global market for sports assets with new financial interest from private equity and sovereigns,” the analyst tells investors.
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- Liberty Media to Acquire Dorna Sports, Awaiting EU Review
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- European Commission investigates Formula One acquisition of Dorna
- Liberty Formula One upgraded to Overweight from Equal Weight at Morgan Stanley
- Liberty Media Welcomes Chase Carey to Board
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