Liberty Broadband price target raised to $69 from $62 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Liberty Broadband to $69 from $62 and keeps an Equal Weight rating on the shares. The growth challenges for the group are known and priced in and “the good news” is that cable broadband customer trends likely bottom in Q3, the analyst tells investors in a group preview note. However, to get more bullish, the firm adds that it needs more visibility into the timing of a robust rebound in both customer and EBITDA growth.