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$MSGS

3 stories mentioning MSGSUpdated 82d ago

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Wire

Madison Square Garden Entertainment Expands Marketing Partnership With Lexus

Madison Square Garden Entertainment (MSGE) and Madison Square Garden Sports (MSGS) said Tuesday that they expanded their multi-year marketing partnership with Lexus.Under the expanded partnership, Lexus will become the entitlement partner of the VIP North and South entrances into Chase Square, and will expand its vehicle display at Radio City Music Hall to be featured during all events at the venue, the companies said.Lexus will also be prominently promoted on the digital boards outside of Madison Square Garden, according to a statement.Financial details related to the agreement were not disclosed.Price: $81.59, Change: $+0.64, Percent Change: +0.79%

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Research

Citigroup Downgrades Madison Square Garden Sports to Neutral From Buy, Adjusts PT to $355 From $337

Madison Square Garden Sports (MSGS) has an average rating of overweight and mean price target of $378.17, according to analysts polled by FactSet.

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Research

Update: Seaport Upgrades Madison Square Garden Sports to Buy From Neutral, Sets $430 Price Target

(Updated to include Seaport's commentary)Seaport upgraded Madison Square Garden Sports (MSGS) to buy from neutral ahead of the potential spin later this summer that separates the Knicks and Rangers into their own standalone companies.While noting that a unique, punitive tax code impact that starts in 2027 could open up the aggregate of the two companies into more tax expense, the brokerage mentioned that the separation could, at the same time, facilitate a minority shareholder investment, which could help offset years of added tax burden and provide a clear valuation benchmark, acting as a significant enough catalyst for the stock.Madison Square Garden Sports has an average rating of overweight and mean price target of $367.50, according to analysts polled by FactSet.Price: $329.70, Change: $+7.50, Percent Change: +2.33%

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