Morgan Stanley Feels Uncertain About Liberty Media Corp. Going Forward

In a report published Thursday, Morgan Stanley analyst Benjamin Swinburne reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “The two new trackers may create opportunities for investors to outperform, but we remain EW here for two reasons. First, we believe the current ~5% discount to NAV is appropriate but tight by historical standards, leaving limited upside. Second, sources of outperformance and timeline are unclear.” Liberty Media Corp. closed on Wednesday at $126.71.