Wunderlich Securities Reiterates Buy on Liberty Interactive Group

Wunderlich Securities reiterated its Buy rating on Liberty Interactive Group (NASDAQ: LINTA). In a research report published today, Wunderlich stressed its optimism about the company's performance following a meeting with the company's CEO.

In the report, Wunderlich states, "We remain positive on Buy-rated Liberty Interactive (LINTA) following yesterday's presentation by QVC CEO Michael George at an investor conference... We feel that Q's relevance is only increasing off tablets, mobile apps, and social media—reinforcing the new customer and retention funnel model that we apply to model LT operating potential."

At the moment, Wunderlich has a price target of $22 placed on the company's stock. Liberty is currently trading around $16.04, or 0.75% above yesterday's close.