MSG Knickerbockers (NYSE:MSGK – Free Report) had its price objective reduced by Guggenheim from $584.00 to $445.00 in a research note issued to investors on Wednesday morning, MarketBeat reports. Guggenheim currently has a buy rating on the stock.
MSG Knickerbockers Stock Performance
MSG Knickerbockers stock opened at $312.34 on Wednesday. The firm has a market cap of $7.52 billion, a P/E ratio of 1,041.15 and a beta of 0.62. MSG Knickerbockers has a one year low of $207.90 and a one year high of $438.93.
About MSG Knickerbockers
MSG Knickerbockers, Inc is the corporate entity associated with the New York Knicks, the National Basketball Association (NBA) franchise based at Madison Square Garden in New York City. The organization’s primary activities include operating and managing the professional basketball team, organizing games and related events, and developing commercial opportunities connected with the Knicks brand.
The Knicks generate business through ticket sales, premium seating, sponsorships, media and broadcasting arrangements, merchandising, licensing, and other fan-focused products and services.
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