Albert Fried Maintains Madison Square Garden Buy, $38 PT
Albert Fried maintained its Madison Square Garden (NYSE: MSG) Buy rating and $38 price target in a research report published today.
In the report, Albert Fried states, " Since MSG's February 2010 Cablevision Systems (CVC: MP, $18) spin-out to shareholders, MSG shares are up roughly 30%. We think MSG's planned renovation will likely create shareholder value through concession and ticket price escalations; thus MSG shares offer upside."
Shares of Madison Square Garden were trading at $32.35 at the time of posting, down 1.04% from Monday's market close.
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