NEW YORK (TheStreet) -- Shares of Madison Square Garden Co. are up 11.13% to $73.10 in early morning trading on Tuesday after it was reported that the company is considering splitting into two publicly traded companies, according to Bloomberg. The potential split would separate its live entertainment operation from its sports and media business. "The sports and media operation would include the NBA's New York Knicks and the NHL's New York Rangers, as well as the MSG television network. The second firm would include MSG's booking, production and venue management operations," CNN Money reported. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. In addition, Maxim Group upgraded the sports and entertainment holding company to "buy" from "hold," and set a price target of $85.a The firm said the recent $2 billion sale of the Los Angeles Clippers has boosted valuation across the board. MSG data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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