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Jefferies Initiates Coverage on Liberty Formula One With Buy Rating, $115 Price Target
$FWONA
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Liberty Media's (FWONA) Formula One and Flexjet said Wednesday that they have partnered to name Flexjet as the official private aviation supplier for Formula One.The deal provides global flight access for racing teams, executives and VIPs using sustainable aviation fuel.Flexjet aircraft owners will receive better hospitality and behind-the-scenes access at select racing events, the companies said.Price: $88.26, Change: $+0.72, Percent Change: +0.82%