MSG Knickerbockers (NYSE:MSGK) Stock Rating Raised to “Outperform” at Wolfe Research

MSG Knickerbockers (NYSE:MSGK) was upgraded by investment analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research note issued on Wednesday, Marketbeat Ratings reports.

MSGK has been the subject of a number of other research reports. Zacks Research cut shares of MSG Knickerbockers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Guggenheim reduced their price target on shares of MSG Knickerbockers from $584.00 to $445.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Finally, Weiss Ratings initiated coverage on shares of MSG Knickerbockers in a research note 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $445.00.

MSG Knickerbockers Stock Performance

Shares of NYSE:MSGK opened at $315.48 on Wednesday. MSG Knickerbockers has a 52 week low of $210.90 and a 52 week high of $438.93. The firm has a market capitalization of $7.60 billion, a PE ratio of 816.18 and a beta of 0.63.

MSG Knickerbockers Company Profile

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.