MSG Sports downgraded to Peer Perform from Outperform at Wolfe Research

Wolfe Research analyst Peter Supino downgraded MSG Sports (MSGS) to Peer Perform from Outperform without a price target The company has “strong secular tailwinds” but minimal catalysts to move the shares higher, the analyst tells investors in a research note. Wolfe believes the equity upside from here relies on the Dolan family selling all or a minority stake in the teams, which is something they have never done.