Liberty Global price target lowered to $26 from $33 at Berenberg

Berenberg analyst Carl Murdock-Smith lowered the firm’s price target on Liberty Global to $26 from $33 and keeps a Buy rating on the shares. The analyst thinks the Q2 results on July 24 will likely be mixed, with scope for disappointment due to an only modest acceleration in U.K. revenue after April’s price increases, offset by possible upscaling of Liberty’s buyback.