Pivotal Research raised the firm’s price target on Liberty Formula One (FWONK) to $125 from $96 and keeps a Buy rating on the shares. The firm says that post the company’s “solid” year-to-date results, it added the MotoGP acquisition to its model and moved to a year-end 2025 target price from 2024 previously.
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Read More on FWONK:
- Liberty Formula One reports Q3 revenue $911M, consensus $909.37M
- Liberty Formula One initiated with a Neutral at UBS
- Liberty Formula One price target raised to $87 from $84 at Seaport Research
- LVMH, Formula 1 deal worth under $100M a year, WWD reports
- Formula 1, LVMH announce 10-year global partnership agreement