Madison Square Garden Sports (MSGS) PT Raised to $232 at Jefferies

August 19, 2022 8:20 AM EDT
Get Alerts MSGS Hot Sheet
Price: $142.81 -0.59%

Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 17 | New: 8
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Jefferies analyst David Katz raised the price target on Madison Square Garden Sports (NYSE: MSGS) to $232.00 (from $230.00) while maintaining a Buy rating following results.

The analyst commented, "The fiscal year represented the first full season back following the pandemic, and with Rangers playoff performance, we expect pricing power to follow in the upcoming fiscal year. Given strong team performance, and consumer demand, we believe the team's valuations continue to be separated from the company's current market value. Additionally, we are not pricing in playoff performance in our estimates, which bears potential upside. Reiterate Buy."

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