Susquehanna analyst Joseph Stauff raised the firm’s price target on MSG Sports (MSGS) to $388 from $356 and keeps a Positive rating on the shares. The firm updated its model heading into Q3 earnings and believe their estimates are safe however they believe the stock is interconnected with three drivers including the Knicks playoff chances, possible monetization of a roughly 5% stake before tax laws change, and the board’s pending decision to split the company into two separate publicly traded stocks.
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