John Tinker, research analyst at Gabelli and Company, assigned a $29 target price on $22.50 stock Liberty Braves (BATRA, Financial), owner of the Atlanta Braves, in its Best Ideas 2017 video last week.
Among reasons Tinker pitched the stock is the team’s new SunTrust Park set to open on April 14, which he believed would generate increased spending and attendance, as well as the hidden asset of an adjacent mixed-use property.
“Sports teams are like beach front property,” he said. “Everybody wants it, but there’s only so much to go around.”
