Madison Square Garden (MSG) Shares Rise Following Two-Notch Upgrade at Albert Fried
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Price: $60.68 -0.43%
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade MSG Now!
Shares of Madison Square Garden (Nasdaq: MSG) are up more than 1.5 percent Thursday afternoon following a two-notch upgrade from Albert Fried earlier. The stock last traded at $24.41.
Albert Fried now rates Madison Square Garden shares a Buy, up from Sell previously. The firm's price target was raised from $19 to $34.
The firm believes "non-binding Federal Mediation is a catalyst that will salvage the majority of the Basketball season as the Mediation process should move the Players, The Owners, the NBA and the NBA Players Union to center court..."
In light of the lost two first weeks of the NBA, Albert Fried said it "...always maintained a positive view on MSG's long-term prospects, management team and organization..."
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Albert Fried now rates Madison Square Garden shares a Buy, up from Sell previously. The firm's price target was raised from $19 to $34.
The firm believes "non-binding Federal Mediation is a catalyst that will salvage the majority of the Basketball season as the Mediation process should move the Players, The Owners, the NBA and the NBA Players Union to center court..."
In light of the lost two first weeks of the NBA, Albert Fried said it "...always maintained a positive view on MSG's long-term prospects, management team and organization..."
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