Wunderlich Securities Raises Liberty Global PT To $43

Liberty Global (NASDAQ: LBTYA) reports results for seasonally modest Q3 after the close today, Wunderlich Securities reports.

“Even apart from likely solid organic growth, the stock is benefiting from the move in the Euro since our July 9 report,” Wunderlich Securities writes. “We are raising our blended price target to $43 from $33.50 off currency gains and recognition of a longer growth runway in markets such as Germany and Emerging Europe.”

Wunderlich Securities said that it now assumes a 2.5% LT growth rate for Liberty v. 1% previously.

Liberty Global currently trades at $38.16.