Stifel Nicolaus Upgrades Liberty Global to Buy (LBTYA)

Stifel Nicolaus is out with its report today on Liberty Global LBTYA, upgrading LBTYA from Hold to Buy.

In a note to clients, Stifel Nicolaus writes, "We are upgrading shares of
Liberty Global to Buy with a $50 target price. We see several potential catalysts that could drive further multiple expansion and outperformance versus the overall market for the remainder of the year."

Shares of LBTYA closed Tuesday at $40.99.