Memphis, Tennessee-based Wanderlich Securities has upgraded Liberty Media (Nasdaq: LINTA) from Hold to Buy, largely on the prospects of an ‘L-shaped’ recovery for QVC and the likelihood that the electronic retailer can eventually replicate its model in new markets like China. Wanderlich raised its price target for Liberty from $4.25 to $5.00. StreetInsider.com Jan. 28, 2009
Jan 282009
