Are Analysts Bearish Madison Square Garden Co (NYSE:MSG) After Last Week?

July 17, 2017 - By Vivian Currie

 Are Analysts Bearish Madison Square Garden Co (NYSE:MSG) After Last Week?

Madison Square Garden Co (NYSE:MSG) Ratings Coverage

Among 7 analysts covering The Madison Square Garden (NYSE:MSG), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. The Madison Square Garden had 12 analyst reports since August 21, 2015 according to SRatingsIntel. Morgan Stanley upgraded the stock to “Overweight” rating in Monday, January 30 report. On Friday, December 11 the stock rating was initiated by Guggenheim with “Buy”. The rating was downgraded by Jefferies on Monday, August 22 to “Hold”. The company was maintained on Wednesday, August 26 by Albert Fried. The rating was upgraded by Stifel Nicolaus on Wednesday, September 30 to “Buy”. The firm has “Neutral” rating given on Monday, November 2 by Macquarie Research. The stock has “Hold” rating by Jefferies on Thursday, October 1. The firm earned “Market Perform” rating on Tuesday, November 3 by Albert Fried. The stock of Madison Square Garden Co (NYSE:MSG) earned “Overweight” rating by JP Morgan on Thursday, April 20. The rating was downgraded by Stifel Nicolaus on Wednesday, September 16 to “Hold”. Below is a list of Madison Square Garden Co (NYSE:MSG) latest ratings and price target changes.

20/04/2017 Broker: JP Morgan Rating: Overweight New Target: $245.00 Reinitiate
30/01/2017 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Overweight Upgrade

The stock increased 0.91% or $1.79 on July 17, reaching $198.25. About 109,885 shares traded. Madison Square Garden Co (NYSE:MSG) has risen 21.47% since July 17, 2016 and is uptrending. It has outperformed by 4.77% the S&P500.

The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The company has market cap of $4.70 billion. The Firm operates in two divisions, which include MSG Entertainment and MSG Sports. It currently has negative earnings. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.

More notable recent Madison Square Garden Co (NYSE:MSG) news were published by: Nydailynews.com which released: “Bob Wolff, legendary sports broadcaster, dies at 96” on July 16, 2017, also Therealdeal.com with their article: “Tao Group execs take stake in Stewart Hotel near MSG” published on July 14, 2017, Thestreet.com published: “Peltz ‘Raises the Execution Bar’ at P&G, Jefferies Says” on July 17, 2017. More interesting news about Madison Square Garden Co (NYSE:MSG) were released by: Forbes.com and their article: “Phil Jackson Is Gone From The Knicks But MSG Still Has The Dolans” published on June 28, 2017 as well as Nasdaq.com‘s news article titled: “The Madison Square Garden Company and Prudential Center Announce Booking and …” with publication date: July 11, 2017.

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