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Fly News Breaks for April 20, 2017
MSGN, MSG
Apr 20, 2017 | 05:40 EDT
JPMorgan analyst David Karnovsky resumed coverage of Madison Square Garden (MSG) with an Overweight rating and raised his firm's price target for the shares to $245 from $210. The analyst cites the appreciation of the company's trophy assets, namely the New York Knicks and Rangers, since its spin-out from MSG Networks (MSGN) in October 2015 for the target increase. Karnovsky expects team values to continue to rise.
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