Jefferies Keeps Bullish Stance on Manchester United (MANU) Ahead of First Earnings Report

Jefferies reiterated its Buy rating and $20 price target on Manchester United (NYSE: MANU) ahead of Q4 earnings on 9/18, its first as a public company.

The analyst comments, "We expect in line results and positive commentary around FY'13. We believe the company continues to see great momentum in its high incremental margin commercial segment while the consistent broadcasting and match day businesses remain on track. We view current valuation as very attractive with the company trading at a discount to high growth peers."

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 $12.45 yesterday.

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