Susquehanna raised the firm’s price target on MSG Sports (MSGS) to $351 from $260 and keeps a Positive rating on the shares. The firm increased the company’s estimates to reflect higher Knick playoff estimates and no Rangers playoffs, partially offset by softer sell-out levels of Rangers attendance. The sportsbooks odds are implying a 50% chance of the Knicks reaching the conference finals, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSGS:
- MSG offers voluntary buyouts to staff this week, Sportico says
- MSG Sports named official prediction market partner of NY Rangers
- AB InBev, Madison Square Garden expand multi-year sponsorship
- Fenway Sports reaches deal to sell NHL’s Pittsburgh Penguins, ESPN reports
- MSG Sports price target raised to $290 from $285 at Citi
