tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Liberty Braves initiated with a Neutral at Citi

Citi initiated coverage of Liberty Braves (BATRK) with a Neutral rating and $45 price target The firm expects sports assets like the Braves to continue to benefit from favorable supply-demand dynamics with potential billionaire bidders outpacing the supply of teams. It sees a team sale as the primary means of shareholder value creation. However, a sale is unlikely until a new Major League Baseball collective bargaining agreement is reached, which is likely in early 2027, the analyst tells investors in a research note. As such, Citi views e view Liberty Braves’ risk/reward as relatively balance at current share levels.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1