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In a report published Thursday, Morgan Stanley analyst Benjamin Swinburne reiterated an Equal-Weight rating on
Liberty Media Corp.LMCA.
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.
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