MSG Knickerbockers (NYSE:MSGK – Get Free Report) had its price objective reduced by Guggenheim from $584.00 to $445.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim‘s price objective points to a potential upside of 45.70% from the stock’s previous close.
MSG Knickerbockers Stock Performance
Shares of NYSE MSGK opened at $305.42 on Wednesday.
About MSG Knickerbockers
MSG Knickerbockers, Inc is the organization associated with the New York Knicks, a professional basketball franchise that competes in the National Basketball Association (NBA).
The company’s activities center on operating and managing the Knicks, including basketball operations, team personnel, game presentation, ticketing, sponsorships, merchandising and related fan-engagement initiatives. The franchise serves audiences primarily in the New York metropolitan area and across the broader NBA market.
MSG Knickerbockers is associated with Madison Square Garden Sports Corp., which owns and operates the New York Knicks and other professional sports assets.
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