Manchester United Plc Reports Second Quarter Fiscal 2024 Results

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Manchester United (MANU) is 'in limbo' says bank analyst, cuts stock target

March 14, 2024 11:09 AM EDT

Deutsche Bank's Manchester United plc (NYSE: MANU) stock price target was cut to $16 from $20.30 on Thursday. The firm maintained a Hold rating on the stock and stated that the Premier League club is currently "in limbo."

Manchester United delivered solid second-quarter results and reiterated its guidance range for revenues and EBITDA. Deutsche Bank said it has been a mixed quarter for the company.

"It generated record revenues, due to a meaningful contribution from... More