Qurate Retail price target raised to $1.10 from 90c at Citi

Citi analyst Jason Bazinet raised the firm’s price target on Qurate Retail to $1.10 from 90c and keeps a Neutral rating on the shares. The analyst updated the company’s model to reflect the sale of Zulily in May. Following the update, the firm’s revenue forecasts move down, but its EBITDA estimates move up.