Morgan Stanley raised the firm’s price target on MSG Sports (MSGS) to $220 from $215 but keeps an Equal Weight rating on the shares. The company is expected to be only modestly profitable in FY26 as it shares more revenues with the rest of the NBA/NHL and absorbs higher player payrolls, the analyst tells investors in a research note. Morgan Stanley is also lowering its media rights revenues for MSG Sports due to a lower than expected year-one increase in national rights revenues.
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