Goldman Sachs reinstated coverage of Liberty Formula One (FWONK) with a Buy rating and $120 price target Through its ownership of both Formula 1 and MotoGP racing leagues, Liberty Formula One offers investors “a high quality way to gain exposure to the long-term secular growth trends in sports media,” says the analyst, who cites near-term upside to Formula 1 Revenue and adjusted OIBDA, medium-to-long opportunities to improve monetization of MotoGP, shareholder return potential and premium asset quality for its positive view.
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