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SBD/September 5, 2012/Franchises
More Securities Firms Begin Coverage Of ManU Stock, Projecting Price Gain Over Next Year
Published September 5, 2012
QUESTIONS LINGER: The WALL STREET JOURNAL's Alexandra Scaggs noted analysts pointed out that ManU fans "are more likely to watch a team's games and buy its tickets if it wins, making success a key driver of revenue." Credit Suisse analyst Spencer Wang said, "On-field performance is a swing factor." Bank of America Merill Lynch analyst Bryan Goldberg said that "profit could rise 15% if the team wins a championship but could fall 9% if it does not" (WALL STREET JOURNAL, 9/4).