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UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Manchester United PLC Before Thursday Earnings Report

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Manchester United: Credit Suisse Bullish On 'Rare Pure Sports' Play

In a report published Monday, Jefferies reiterated its Buy rating on Manchester United PLC (NYSE: MANU), and raised its price target from $20.00 to $23.00.

Jefferies noted, “MANU reports F'2Q earnings on 2/14. We expect strong results and positive commentary around current trends. In particular, the team is currently #1 in the Premier League and the profitable commercial segment is gaining momentum as seen by several new sponsorships announced intra quarter. We view risk/reward as very attractive; reiterate Buy rating and raising PT to $23.”

Manchester United PLC closed on Friday at $18.35.

Latest Ratings for MANU

DateFirmActionFromTo
Jun 2015Credit SuisseInitiates Coverage onOutperform
Nov 2014JP MorganUpgradesNeutralOverweight
May 2014JP MorganMaintainsNeutral

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Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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