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Fly News Breaks for May 9, 2018
BATRK
May 9, 2018 | 07:12 EDT
Morgan Stanley analyst Benjamin Swinburne upgraded Liberty Braves to Equal Weight from Underweight, noting that the shares are down about 10% in the past six months against the backdrop of appreciating sports team values. The analyst raised his estimated value of the Atlanta Braves baseball team to $1.63B, in line with the most recent number from Forbes, and said he remain positive on the outlook for sports team asset values to continue appreciating. He maintains a $26 price target on Liberty Braves shares.
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