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Benzinga
Benzinga
Business
Anthony O'Reilly

The NY Knicks Are Helping MSG's Stock Performance. Analysts Say You Should Buy Now

Knicks James Dolan NBA MSGS Madison Square Garden New York Rangers
New,York,,Ny,Usa,-,May,23,,2024:,New,York

The NBA's New York Knicks are giving their parent company a layup in the stock market, and some financial analysts say buying shares of the Madison Square Garden Sports Corp. (NYSE:MSGS) could be a slam dunk for investors. 

Citigroup (NYSE:C) analyst Steven Sheeckutz started coverage of the sports holding company in September, according to media reports, saying the company was "underestimated." He issued a "Buy" rating and a $285 price target for the stock, which closed at $214.39 on Friday.  

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