Deutsche Bank Maintains Hold on Liberty Formula One Group, Maintains $73 Price Target
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Deutsche Bank analyst Bryan Kraft maintains Liberty Formula One Group (NASDAQ:FWONA) with a Hold and maintains $73 price target.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/30/2024 | $73.00 → $83.00 | Hold → Buy | Deutsche Bank |
| 10/6/2023 | $71.00 | Neutral → Buy | Citigroup |
| 6/5/2023 | $90.00 | Outperform | TD Cowen |
| 4/24/2023 | Buy | Seaport Research Partners | |
| 6/15/2022 | $65.00 → $72.00 | Equal-Weight → Overweight | Morgan Stanley |
| 4/25/2022 | $61.00 → $65.00 | Buy → Neutral | Citigroup |
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Chairman John Malone to Serve as Interim CEO Liberty Media Corporation ("Liberty Media") (NASDAQ:FWONA, FWONK, LLYVA, LLYVK)) today announced that President and Chief Executive Officer, Greg Maffei, will be stepping down from his role at the end of 2024. Liberty Media's Chairman, John Malone, will assume the role of interim CEO and will work closely with the Liberty Media executive team and the Board of Directors to ensure a seamless transition. Maffei will step down at the expiration of his contract at year-end and will serve as a Senior Advisor effective January 1st to support the management transition. "On behalf of the Liberty Media board, I'd like to thank Greg for his leadership,
Liberty Media Corporation ("Liberty Media") (NASDAQ:FWONA, FWONK, LLYVA, LLYVK)) today announced that it is pursuing a plan to split off the Liberty Live Group (the "Split-Off"). Immediately prior to effecting the Split-Off, Liberty Media's subsidiary Quint would be reattributed from the Formula One Group to the Liberty Live Group in exchange for certain private assets. Any cash consideration would be determined at a future date based on relative valuations at the time of the reattribution. "The split-off of Liberty Live Group into a separate public entity will simplify Liberty Media's capital structure, should reduce the discount to net asset value of our Liberty Live stock and enhance t
Atlanta Braves Holdings, Inc. (NASDAQ:BATRA, BATRK)) today announced that Derek Schiller, President and CEO of the Atlanta Braves will participate in Liberty Media Corporation's ("Liberty Media") (NASDAQ:FWONA, FWONK, LLYVA, LLYVK)) annual Investor Meeting on Thursday, November 14, 2024. Mr. Schiller will participate in one of the afternoon sessions, which begin at 1:00pm E.T. During the presentation, observations may be made regarding the company's financial performance, trends and outlook, as well as other forward-looking matters. The company's responses to questions, as well as other matters discussed during the presentation, may contain or constitute information that has not been disc
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Deutsche Bank upgraded Formula One Group from Hold to Buy and set a new price target of $83.00 from $73.00 previously
Citigroup upgraded Formula One Group from Neutral to Buy and set a new price target of $71.00
TD Cowen initiated coverage of Formula One Group with a rating of Outperform and set a new price target of $90.00
Liberty Media Corporation ("Liberty Media") (NASDAQ:FWONA, FWONK, LLYVA, LLYVK))) will host a conference call to discuss results for the third quarter of 2024 on Thursday, November 7th at 10:00 a.m. E.T. Before the open of market trading that day, Liberty Media will issue a press release reporting such results, which can be found at https://ir.libertymedia.com/news-events/press-releases. The press release and conference call may discuss the financial performance and outlook of the company, as well as other forward looking matters. Please call InComm Conferencing at (877) 704-2829 or +1 (215) 268-9864, confirmation code 13744092, at least 10 minutes prior to the call. Callers will need to b
Liberty Media Corporation ("Liberty") (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of August 15, 2024 of its 2.75% Exchangeable Senior Debentures due 2049 (the "Debentures"). The amount of the quarterly interest payment is $6.8750 per $1,000 original principal amount of Debentures, and the amount of the Excess Regular Additional Distribution is $1.5419 per $1,000 original principal amount of Debentures. As of September 3, 2024, the aggregate adjusted principal amount outstanding is approximately $585 million, after giving effect to today's quarterly inter
Liberty Media Corporation ("Liberty Media" or "Liberty") (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) today reported second quarter 2024 results. Headlines include(1): Attributed to Liberty SiriusXM Group SiriusXM reported second quarter 2024 operating and financial results Second quarter 2024 revenue of $2.18 billion Ad revenue of $443 million Net income of $316 million; diluted EPS of $0.08 Adjusted EBITDA(2) of $702 million Free cash flow(2) of $343 million SiriusXM reiterated 2024 financial guidance Liberty Media's ownership of SiriusXM was 83.3% as of July 30th Expect to complete planned combination of Liberty SiriusXM Group and SiriusXM on
Liberty Media Corporation ("Liberty Media") (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) announced that after over 20 years, Albert E. Rosenthaler will be retiring from Liberty effective January 1, 2024. Mr. Rosenthaler has served as Chief Corporate Development Officer since 2016. Previously, he was the top tax officer for Liberty Media and its predecessors since joining in 2002. Mr. Rosenthaler will become a Senior Advisor and remain a resource to the Liberty family of companies and its portfolio companies. "I want to thank Albert for his material contributions, partnership and dedication to Liberty over the years. His knowledge and expertise have delivered tremendous value
A leading motorsports league is among the sectors looking at the potential to diversify with electric vehicles. Here's the latest on a new project from NASCAR. What Happened: The NASCAR racing league unveiled a new electric vehicle prototype and launched an electrification innovation partnership last week. The partnership comes with ABB (OTC:ABBNY), a leader in electrical equipment and automation. The company and NASCAR unveiled the prototype at the Chicago Street Race. ABB is the first official partner of NASCAR Impact, a platform from NASCAR striving to contribute to a healthier planet and working on sustainability ambitions across electrification for the racing league. "The
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Benchmark analyst Matthew Harrigan reiterates Liberty Formula One Gr (NASDAQ:FWONA) with a Buy and maintains $77 price target.