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Fly News Breaks for March 30, 2015
MSG
Mar 30, 2015 | 08:25 EDT
As previously reported, Morgan Stanley upgraded Madison Square Garden to Overweight from Equal Weight. The firm said the updated restructuring plan separates the cable assets from the sports teams and venues later this year. Morgan Stanley said the structure should better highlight teams/venues discounted valuation to private value and be a precursor to a future tax-efficient asset sale. The firm raised its price target to $94.
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