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MSG

Madison Square Garden

$231.97

2.41 (1.05%)

17:19
02/23/18
02/23
17:19
02/23/18
17:19

Silver Lake reports 4.9% stake in Madison Square Garden, may seek talks

Silver Lake are supportive stockholders of the company that acquired Class A Common Stock based on the view that such shares are undervalued relative to the company's asset value. Silver Lake would like to support the company and its efforts to create long-term value. Each Reporting Person may engage in discussions with one or more officers, directors, representatives or stockholders of the company.

MSG Madison Square Garden
$231.97

2.41 (1.05%)

09/11/17
BTIG
09/11/17
NO CHANGE
Target $260
BTIG
Buy
Knicks sale would not be surprising after Rockets deal, says BTIG
BTIG analyst Brandon Ross noted that James Dolan and family have been actively unwinding their ties to the legacy TV bundle, both by splitting Madison Square Garden (MSG) from MSG Networks (MSGN) and via the sale of Cablevision to Altice (ATCEY). He also notes that Dolan is on record that he believes sports rights are in a bubble. Given all of this, and the recent big-ticket sale of the Houston Rockets, Ross would not be surprised to see Dolan consider a sale of the Knicks and/or Rangers, adding that selling one team or both could pave the way for an eventual "go-private" deal for the rest of MSG and its remaining live entertainment business. Ross keeps a Buy rating and $260 price target on Madison Square Garden shares.
12/05/17
MSCO
12/05/17
DOWNGRADE
MSCO
Equal Weight
Madison Square Garden downgraded to Equal Weight at Morgan Stanley
12/05/17
12/05/17
DOWNGRADE
Target $245

Equal Weight
Madison Square Garden downgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley analyst Benjamin Swinburne downgraded Madison Square Garden to Equal Weight from Overweight, noting the shares have outperformed the broader Media space significantly year-to-date, narrowing the stock's discount to the company's net asset value. Investors looking for MSG to buy back shares, sell more assets or go private may be disappointed if the company instead chooses to use its financial capacity to expand further into venues, said Swinburne, who keeps a $245 price target on the stock.
12/05/17
12/05/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Expedia (EXPE) downgraded to Hold from Buy at Argus with analyst John Staszak saying the rating change reflects the company's "reduced 2018 guidance and prospects for increased spending on employee compensation, technology, and marketing next year." 2. TJX (TJX) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Lindsay Drucker Mann saying she sees clearer near-term catalysts for Tapestry (TPR), which was added to the Conviction Buy List, and maintains a Buy rating on TJX given its advantaged business model and expectations for Marmaxx improvement. 3. Allegiant Travel (ALGT) downgraded to Neutral from Buy at Buckingham. 4. Madison Square Garden (MSG) downgraded to Equal Weight at Morgan Stanley with analyst Benjamin Swinburne noting the shares have outperformed the broader Media space significantly year-to-date, narrowing the stock's discount to the company's net asset value. 5. Robert Half (RHI) downgraded to Underperform from Neutral at Macquarie with analyst Hamzah Mazari citing accelerating technology risks around disruption of the accounting and office admin staffing business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

FNWB

First Northwest Bancorp

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0.36 (2.29%)

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FCX

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XRX

Xerox

$25.10

-0.095 (-0.38%)

, FUJIY

Fujifilm

$0.00

(0.00%)

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Xerox

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Fujifilm

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  • 26

    Jul

STON

StoneMor Partners

$3.61

-0.015 (-0.41%)

17:15
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Breaking Hot Stocks news story on StoneMor Partners »

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TEF

Telefonica

$8.70

0.07 (0.81%)

17:11
07/20/18
07/20
17:11
07/20/18
17:11
Downgrade
Telefonica rating change at Goldman Sachs »

Telefonica downgraded to…

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SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

, USO

United States Oil Fund

$14.15

0.025 (0.18%)

17:04
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Weekly CFTC Commitment of Traders highlights »

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SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

USO

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$14.15

0.025 (0.18%)

GLD

SPDR Gold Trust

$116.56

0.74 (0.64%)

FXE

Euro Currency Trust

$112.46

0.83 (0.74%)

FXC

CurrencyShares Canadian Dollar Trust

$75.17

0.81 (1.09%)

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CZWI

Citizens Community Bancorp

$14.15

(0.00%)

17:02
07/20/18
07/20
17:02
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17:02
Syndicate
Breaking Syndicate news story on Citizens Community Bancorp »

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PKD

Parker Drilling

$0.30

-0.0044 (-1.46%)

17:01
07/20/18
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17:01
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17:01
Hot Stocks
Breaking Hot Stocks news story on Parker Drilling »

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  • 02

    Aug

RSLS

ReShape Lifesciences

$1.47

-0.02 (-1.34%)

17:00
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Breaking Hot Stocks news story on ReShape Lifesciences  »

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BOX

Box

$26.13

-0.26 (-0.99%)

16:57
07/20/18
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ALDX

Aldeyra

$7.95

-0.15 (-1.85%)

16:53
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Syndicate
Breaking Syndicate news story on Aldeyra »

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GLRE

Greenlight Capital Re

$14.00

-0.15 (-1.06%)

16:46
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Greenlight Capital Re announces departure of COO »

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RVI

Retail Value

$34.56

0.2 (0.58%)

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Breaking Hot Stocks news story on Retail Value »

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LECO

Lincoln Electric

$92.26

0.64 (0.70%)

, ROK

Rockwell Automation

$171.32

-0.71 (-0.41%)

16:35
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Lincoln Electric expands board to 11 directors, appoints Patrick Goris to board »

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LECO

Lincoln Electric

$92.26

0.64 (0.70%)

ROK

Rockwell Automation

$171.32

-0.71 (-0.41%)

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  • 23

    Jul

  • 25

    Jul

KMX

CarMax

$77.15

-0.57 (-0.73%)

16:33
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16:33
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16:33
Hot Stocks
CarMax chairman sells 37,500 common shares »

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LOW

Lowe's

$100.65

-0.74 (-0.73%)

16:31
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07/20
16:31
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16:31
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Lowe's names Joseph McFarland as EVP of stores »

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16:30
07/20/18
07/20
16:30
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16:30
Options
Preliminary option volume of 20.2M today »

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PFE

Pfizer

$37.33

-0.03 (-0.08%)

16:26
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  • 22

    Aug

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JCP

J.C. Penney

$2.50

-0.065 (-2.53%)

16:23
07/20/18
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J.C. Penney chief customer officer McFarland to leave company »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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16:20
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16:20
Options
Closing CBOE SPX and VIX Index summary for July 20th »

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ASFI

Asta Funding

$3.15

-0.1 (-3.08%)

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Asta Funding receives Nasdaq non-compliance letter »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
07/20/18
07/20
16:17
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16:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
07/20/18
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16:16
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16:16
Technical Analysis
NYSE market internals summary »

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DIS

Disney

16:15
07/20/18
07/20
16:15
07/20/18
16:15
Periodicals
Disney fires 'Guardians' director after controversial tweets, THR says »

Disney has fired James…

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  • 07

    Aug

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