Wells Fargo lowered the firm's price target on Liberty Formula One to $89 from $95 and keeps an Equal Weight rating on the shares. The firm is reducing FY26 AOIBDA on first half of the year race cancellations. The second half of 2026 is a risk, but Wells leaves 2027 untouched, as Liberty Formula One would likely be able to recalibrate if the conflict is persistent.
