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Jefferies Starts Madison Square Garden (MSG) at Hold

January 28, 2015 6:49 AM EST
Get Alerts MSG Hot Sheet
Price: $237.22 --0%

Rating Summary:
    15 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Jefferies initiates coverage on Madison Square Garden (NASDAQ: MSG) with a Hold rating and a price target of $85.00.

Analyst John Janedis comments, "As the owner of the Knicks, Rangers, the Garden, and two RSNs, MSG is in a unique position to capitalize on the rising value of sports content. Given the proposed spin, upside will be a function of further narrowing of the public/ private market discount, which may be difficult to achieve absent an asset sale."

For an analyst ratings summary and ratings history on Madison Square Garden click here. For more ratings news on Madison Square Garden click here.

Shares of Madison Square Garden closed at $75.22 yesterday.



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