Liberty Broadband price target raised to $110 from $100 at Morgan Stanley

Morgan Stanley analyst Benjamin Swinburne raised the firm’s price target on Liberty Broadband (LBRDK) to $110 from $100 and keeps an Equal Weight rating on the shares. Fundamentals will drive cable equities in the months ahead and broadband trends appear stable, limiting downside risk for Overweight rated Comcast (CMCSA) and Equal Weight rated Charter (CHTR), the analyst tells investors in an earnings preview note for the group.