Jefferies Maintains Bullish Stance on Manchester United (MANU) after Q4

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Jefferies reiterated its Buy-rating and $20 price target Manchester United (NYSE: MANU) following what they called "strong" Q4 results after the clsoe.

The analyst comments, "MANU reported strong F'4Q12 results with sales and EBITDA both above expectations. We believe MANU is well positioned to benefit from the changing media world where advertisers want to associate with powerful brands that are recognized globally. With MANU still in an early growth stage and with robust fundamentals, we find risk/reward compelling and reiterate our Buy rating and $20 price target."

For an analyst ratings summary and ratings history on Manchester United click here. For more ratings news on Manchester United click here.

Shares of Manchester United closed at $12.58 yesterday, with a 52 week range of $12.00-$15.27.

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