Madison Square Garden Can Win From M&A And Buybacks: Here's How

  • The share price of The Madison Square Garden Co. (NYSE: MSG) have increased more than 2 percent in the past one month.
  • Stifel’s Benjamin E. Mogil has upgraded the rating on the company from Hold to Buy, with a price target of $190.
  • The upgrade follows the spin-off of Madison Square Garden Networks (MSGN).

Analyst Benjamin Mogil believes that the company has “a strong collection of assets with high IP value, supported by an M&A war-chest with the backdrop of a sizable buyback cushion,” which Madison Square Garden would “actively” utilize at the current price levels.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Mogil also believes that “as the television delivery eco-system evolves, actual content IP ownership will continue to have multiple distribution options.”

Most of the company’s M&A focus is expected to be in the Entertainment business, although Mogil does not expect Madison Square Garden to be very active in terms of share buybacks.

Posted In: Analyst ColorUpgradesAnalyst RatingsBenjamin E. MogilStifel