Why Madison Square Garden (MSG) Stock Is Higher Today

Madison Square Garden (MSG) stock was up on Wednesday following an upgrade from Stifel analysts.

Madison Square Garden stock was upgraded by Stifel analysts from a “Hold” rating to a “Buy” rating. The firm also sent a new price target for the stock of $190. It’s shares closed at $68.78 on Monday, reports Money Flow Index.

Madison Square Garden shares were up more than 6% in the last 52 weeks. The one year high for the stock was $87.27 as of March 30, 2015 and its low was $58.56 on October 15, 2014. It’s market cap is $4,280 million and it has 62.2 million outstanding shares, Money Flow Index notes.

The one year target price for set by analysts is $94.20. Earnings per share for the current year are set at $2.32 and next year’s EPS is expected to be $2.50, reports Vanguard Tribune.

MSG shares were up 4% as of Wednesday afternoon.

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