Manchester United (MANU) in Early Days of Monetizing Brand

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Jefferies reiterated a Buy rating on Manchester United (NYSE: MANU) following the team's quarterly earnings report. The report showed strong sales and earnings performance.

Commenting on "post game" performance, analyst Randal J. Konik said "We continue to like the business model, particularly MANU's high growth and margin accretive commercial segment which is in the early days of monetizing this powerful brand."

Konik said the company has a high level of visibility and robust fundamentals, making its risk/reward “compelling”.

Jefferies has a $20 price target on Manchester United.

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 $12.97 yesterday, with a 52 week range of $12.00-$15.27.

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