Susquehanna initiated coverage of MSG Sports (MSGS) with a Positive rating and $254 price target MSG Sports is a pure-play on the value of two major market professional sports franchises, the analyst tells investors in a research note. The firm views the franchises as attractive currently given the impact to the shares from both a “very disappointing” season for the New York Rangers as well as the overall market meltdown and the impact on asset valuations. In the intermediate term, the stock could benefit in the near-term from Knicks winning the first round of the playoffs, contends Susquehanna.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSGS:
- Sphere reports restructuring of debt of subsidiaries of MSG Networks
- MSG Sports Amends Media Rights Agreements
- Sphere Entertainment price target lowered to $32 from $45 at Morgan Stanley
- No Slam Dunk for Knicks Owner MSGS After Record-Breaking $6.1B Boston Celtics Sale
- Knicks owner MSG Sports up 2% following reports of Celtics sale at record value