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Liberty Broadband price target lowered to $156 from $201 at Benchmark

Benchmark analyst Matthew Harrigan lowered the firm’s price target on Liberty Broadband (LBRDA) to $156 from $201 and keeps a Buy rating on the shares. Any "calming of investor angst" that results from tomorrow’s Charter (CHTR) investor meeting should also benefit Liberty Broadband, given its 26% fully diluted Charter ownership, Harrigan tells investors.

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