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Stock Market & Financial Investment News

News Breaks
April 4, 2014
08:58 EDTMSGMadison Square Garden in deal to sell Fuse for over $200M, Bloomberg says
Madison Square Garden has reached a deal, which may be announced as soon as today, to sell Fuse TV to NuvoTV for more than $200M in cash and equity in the Latino-focused channel backed by Jennifer Lopez, according to Bloomberg, citing people with knowledge of the matter. NuvoTV's bid beat out one from Sean “Diddy” Combs' Revolt TV network, which is said to have offered about $200M, the report noted. Reference Link
News For MSG From The Last 14 Days
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May 4, 2015
10:00 EDTMSGOn The Fly: Analyst Upgrade Summary
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08:37 EDTMSGMadison Square Garden price target raised to $99 from $92 at Maxim
Maxim raised its price target for Madison Square Garden to $99 following the company's better than expected Q3 results. The stock was upgraded this morning at both Stifel and Macquarie. Maxim keeps a Buy rating on the name.
07:37 EDTMSGMSG upgraded on more favorable spin-off outlook at Stifel
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07:19 EDTMSGMadison Square Garden upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded Madison Square Garden to Outperform with a $100 price target. The firm is "excited" by the growth prospects at Media and Sports/Entertaintment but also in the decision to leverage Media's balance sheet with a large cash dividend to SpinCo.
06:22 EDTMSGMadison Square Garden upgraded to Buy from Hold at Stifel
May 1, 2015
08:12 EDTMSGMadison Square Garden reports Q3 EPS 51c, consensus 41c
Reports Q3 revenue $449.4M, consensus $444.32M. Q3 adjusted operating cash flow of $100.4M increased 53%, as compared to the prior year quarter, due to improved AOCF results in the MSG Sports and MSG Entertainment segments, as well as a decrease in unallocated corporate expenses.
April 30, 2015
15:01 EDTMSGNotable companies reporting before tomorrow's open
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