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Liberty Broadband price target lowered to $94 from $113 at Pivotal Research

Pivotal Research lowered the firm’s price target on Liberty Broadband (LRBDK) to $94 from $113 and keeps a Buy rating on the shares. The firm updated its sum-of-the-parts analysis post the “okay” Q1 results from Liberty’s relatively small Alaskan cable and telecom assets and the firm’s recently lowered Charter (CHTR) price target.

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