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The Atlanta Braves ' new stock is a home-run idea, according to Rosenblatt. Analyst Barton Crockett upped his price target by $7 to $49, with the new estimate implying an upside of 36.6% over Tuesday's close. "Liberty Braves shares have notched some runs batted in this year," Crockett said. Major League Baseball's Atlanta Braves have the best record in baseball at 90-47 and are currently the favorite to win the World Series, according to FanDuel. An acquisition of the now-standalone Atlanta Braves also could happen amid a trend of billionaires shelling out for sports teams.
Persons: Rosenblatt, Barton Crockett, Crockett, there's, John Malone, CNBC's Michael Bloom Organizations: Atlanta Braves, Liberty Media, Liberty Braves, League Baseball's Atlanta Braves, Braves Group, MLB
Liberty Media to Split Off MLB’s Atlanta Braves
  + stars: | 2022-11-17 | by ( Will Feuer | ) www.wsj.com   time to read: 1 min
Austin Riley of the Atlanta Braves made a catch against the Philadelphia Phillies last month in Atlanta. Media and entertainment company Liberty Media Corp. said it would split off the Atlanta Braves Major League Baseball team and its associated real-estate development project into a separate, publicly traded company. Liberty Media, which operates and owns interests in businesses including Sirius XM Holdings Inc. and Formula One Group, said it would redeem its existing Liberty Braves common stock in exchange for shares of a newly formed company to be called Atlanta Braves Holdings Inc.
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