Fly News Breaks for August 21, 2019
Aug 21, 2019 | 07:54 EDT
Morgan Stanley analyst Gary Yu initiated Wanda Sports Group with an Overweight rating and $8 price target, citing its exposure to the global sports industry, which he said is both fast-growing and relatively resilient to macro uncertainties. However, he notes that certain of Wanda's rights-in contracts are scheduled to end in the next few years, which he views as a risk.
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