Morgan Stanley Initiates Coverage On Madison Square Garden with Equal-Weight Rating, Announces Price Target of $40
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Benjamin Swinburne initiates coverage on Madison Square Garden (NYSE:MSGE) with an Equal-Weight rating and announces a price target of $40.
May 26, 2023 | 9:29 am
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Morgan Stanley initiates coverage on Madison Square Garden with an Equal-Weight rating and a price target of $40.
Morgan Stanley's initiation of coverage on Madison Square Garden with an Equal-Weight rating suggests a neutral outlook for the stock. The price target of $40 indicates the analyst's expectation of the stock's fair value. This news is directly related to MSGE and is important for investors, but the neutral rating suggests no significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100