JP Morgan Initiates Coverage On Madison Square Garden with Neutral Rating, Announces Price Target of $38
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst David Karnovsky initiates coverage on Madison Square Garden (NYSE:MSGE) with a Neutral rating and announces a price target of $38.
August 11, 2023 | 9:52 am
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NEUTRAL IMPACT
JP Morgan has initiated coverage on Madison Square Garden with a Neutral rating and a price target of $38.
The initiation of coverage by JP Morgan with a Neutral rating suggests that the bank sees the stock as fairly valued at current levels. The price target of $38 provides a reference point for investors, but does not necessarily suggest significant upside or downside. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100