TD Cowen raised the firm’s price target on Liberty Formula One (FWONA) to $107 from $106 and keeps a Buy rating on the shares. The firm said Q3 results exceeded expectations, with F1 outperforming on stronger sponsorship and hospitality.
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Read More on FWONA:
- Strong Performance and Future Potential Drive Buy Rating for Liberty Media Liberty Formula One
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- Liberty Media’s Strong Growth Prospects Driven by Strategic Acquisitions and Robust Performance
- Liberty Formula One reports Q3 revenue $1.09B, consensus $1.05B
