UPDATE: Morgan Stanley Upgrades The Madison Square Garden Co On Positive Spin

In a report published Monday, Morgan Stanley analyst Ryan Fiftal upgraded the rating on The Madison Square Garden Co MSG from Equal-Weight to Overweight, and raised the price target from $77.00 to $94.00. In the report, Morgan Stanley noted, "On Friday, MSG filed a Form 10 confirming a restructuring plan that will separate the cable nets from the 'trophy' assets (teams and venues), in our view better highlighting the value of both. We raise our price target to $94 and upgrade to OW." The Madison Square Garden Co closed on Friday at $80.73.