ISI Group Upgrades Madison Square Garden (MSG) to Buy
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Madison Square Garden (MSG) Assets Could be Worth $6-$8 Billion, Says Analyst
October 28, 2014 2:27 PM EDTAlbert Fried & Company maintained an Overweight rating on Madison Square Garden (NASDAQ: MSG) with a price target of $85. Comments follow news it plans to explore a spin-off. In the view of analyst Rich Tullo, the company's assets could be worth $6-$8 billion.
"We like several components of the announced break up of MSG Shares into a pure play sports Company and likely a REIT holding with very productive real-estate assets in premium real-estate markets such... More
Maxim Group Upgrades Madison Square Garden (MSG) to Buy
October 28, 2014 7:47 AM EDTMaxim Group upgraded Madison Square Garden (NASDAQ: MSG) from Hold to Buy with a price target of $85.00.
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 $65.78 yesterday.
... MoreThe Madison Square Garden (MSG) to Explore Spin-Off; Announces $500M Stock Buyback Plan
October 27, 2014 10:23 PM EDTLate Monday, The Madison Square Garden (NASDAQ: MSG) announced that its board of directors has unanimously approved a plan to explore a possible spin-off that would separate its entertainment businesses from its media and sports businesses, creating two distinct publicly traded companies.
Separately, the Board has authorized the repurchase of up to $500 million of the Company's Class A common stock and announced the Company's director nominations for this year's annual meeting, including two new independent directors for election by the Company's Class A shareholders.
If the Company proceeds with... More
