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Stock Market & Financial Investment News

News Breaks
January 7, 2013
11:15 EDTMSGMSG climbs after NHL reaches tentative deal with players
Madison Square Garden (MSG), which owns the New York Rangers of the National Hockey League, is climbing after the league and its players tentatively agreed a new contract yesterday. The deal, which is expected to end a lockout and enable the NHL to play a shortened season this year, would impose a salary cap of slightly over $70M this year. Next year the cap will drop to approximately $64M. Moreover, players' share of all hockey related revenue will decline to 50% from 57%. However, the players will also receive $300M in transition payments. In a note to investors earlier today, Stifel Nicolaus analyst Benjamin Mogil wrote that the deal is positive for Madison Square Garden, in light of the concessions that NHL owners obtained from the players. Moreover, as a result of the deal and its timing, Madison Square Garden will be able to avoid paying compensation to cable TV companies for the lockout, Mogil wrote. The analyst maintained a Buy rating on the stock, which rose $1.24, or 2.74%, to $46.52.
News For MSG From The Last 14 Days
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August 20, 2014
07:37 EDTMSGMadison Square Garden reports Q4 EPS 15c, consensus 19c
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August 19, 2014
15:16 EDTMSGNotable companies reporting before tomorrow's open
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August 14, 2014
10:05 EDTMSGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Adidas (ADDYY) downgraded to Neutral from Buy at Goldman... Fabrinet (FN) downgraded at B. Riley... Freeport McMoRan (FCX) downgraded at Stifel... Infosys (INFY) downgraded to Hold from Buy at Jefferies... InterMune (ITMN) downgraded to Neutral from Buy at Goldman... Jones Energy (JONE) downgraded to Neutral from Overweight at JPMorgan... LVMH Moet Hennessy (LVMUY) downgraded to Neutral from Buy at Goldman... Madison Square Garden (MSG) downgraded to Hold from Buy at Topeka... Qualys (QLYS) downgraded to Sector Perform from Outperform at RBC Capital... SeaWorld (SEAS) downgraded to Market Perform from Outperform at Wells Fargo... Theravance Biopharma (TBPH) downgraded to Underperform from Neutral at RW Baird... URS Corporation (URS) downgraded to Neutral from Buy at Sterne Agee... ViaSat (VSAT) downgraded to Perform from Outperform at Oppenheimer... Wynn Resorts (WYNN) downgraded to Hold from Buy at Gabelli.
06:21 EDTMSGMadison Square Garden downgraded to Hold from Buy at Topeka
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