Liberty Global price target raised to $34 from $33 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Liberty Global to $34 from $33 and keeps a Buy rating on the shares. The shares are “hindered by rates” as the company has higher leverage than peers, but is benefitting from buybacks, recent rate declines and actions announced to realize value, in part unlocked by a change in domicile to Bermuda, the analyst tells investors in a research note. Post a sale of All3media in May, next on the agenda is a Swiss spin, which “is a meaningful catalyst,” says the firm.