MSG Knickerbockers (NYSE:MSGK – Get Free Report) was upgraded by Wolfe Research from a “peer perform” rating to an “outperform” rating in a note issued to investors on Wednesday, MarketBeat reports.
Other analysts have also issued research reports about the stock. Guggenheim lowered their price target on shares of MSG Knickerbockers from $584.00 to $445.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Zacks Research cut shares of MSG Knickerbockers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Finally, Weiss Ratings began coverage on MSG Knickerbockers in a report on Wednesday, October 28th. They set a “hold (c)” rating on the stock. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $445.00.
Read Our Latest Research Report on MSG Knickerbockers
MSG Knickerbockers Trading Up 1.7%
Shares of MSGK stock opened at $315.48 on Wednesday. MSG Knickerbockers has a 1 year low of $210.90 and a 1 year high of $438.93. The company has a market cap of $7.60 billion, a PE ratio of 816.18 and a beta of 0.63.
About MSG Knickerbockers
MSG Knickerbockers, Inc is the corporate entity associated with the New York Knicks, the National Basketball Association (NBA) franchise based at Madison Square Garden in New York City. The organization’s primary activities include operating and managing the professional basketball team, organizing games and related events, and developing commercial opportunities connected with the Knicks brand.
The Knicks generate business through ticket sales, premium seating, sponsorships, media and broadcasting arrangements, merchandising, licensing, and other fan-focused products and services.
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