Guggenheim Has Lowered Expectations for MSG Knickerbockers (NYSE:MSGK) Stock Price

MSG Knickerbockers (NYSE:MSGK – Get Free Report) had its price target decreased by Guggenheim from $584.00 to $445.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock.

MSG Knickerbockers Stock Performance

MSG Knickerbockers stock opened at $305.42 on Wednesday.

MSG Knickerbockers Company Profile

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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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