The securities firm has a buy rating on stock in Atlanta Braves Holdings.
Investors can still bank on a share-boosting sale of Atlanta Braves Holdings , according to Rosenblatt Securities. In a report out on Wednesday, Rosenblatt analyst Barton Crockett brushed off remarks from Liberty Media chairman John Malone late last week that the Braves were "not for sale." In fact, Crockett raised his price target on the Braves by $1 to $54, a figure that he said assumes a future buyout deal and which implies upside of almost 40% from Wednesday's close.
mountain Atlanta Braves Holdings, year to date Crockett said Malone's comments likely came as more of a bid to temper near-term legal concerns than actually dismiss interest from buyers. And he said offers should roll in, "given a continuing active market for sports assets, particularly from billionaires pining for the durable financial returns, fun, and glory of owning a team.
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