BGB Securities Reiterates Liberty Interactive, Reduces PT

BGB Securities reiterated its Liberty Interactive Group (NASDAQ: LINTA) Buy rating and lowered its Liberty Interactive Group price target from $23 to $21 in a research report published today.

In the report, BGB Securities states, "QVC is the industry leader and is growing internationally and digitally. Liberty's planned split-off transaction should be completed within weeks (or perhaps months), which we believe will cause the stock price to appreciate by diminishing its current discount to net asset value."

Shares of Liberty Interactive Group closed Wednesday at $13.97, reflecting no change from Tuesday's market close.