Liberty Global price target lowered to $20 from $21 at Barclays

Barclays analyst Maurice Patrick lowered the firm’s price target on Liberty Global to $20 from $21 and keeps an Equal Weight rating on the shares. The company reported EBITDA 6% below consensus, with declines in most assets, the analyst tells investors in a research note. The firm says that although most guidance metrics were reiterated, Liberty is clearly seeing clear pressure across most of its business lines.