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The Madison Square Garden (NYSE:MSG) was downgraded by research analysts at Topeka Capital Markets from a “buy” rating to a “hold” rating in a report released on Thursday. They currently have a $63.00 price objective on the stock, down from their previous price objective of $67.00. Topeka Capital Markets’ price target suggests a potential upside of 2.94% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley downgraded shares of The Madison Square Garden from an “outperform” rating to a “neutral” rating in a research note on Monday, July 21st. They now have a $61.00 price target on the stock. Separately, analysts at Macquarie downgraded shares of The Madison Square Garden from an “outperform” rating to a “neutral” rating in a research note on Monday, July 21st. They now have a $61.00 price target on the stock. Finally, analysts at Zacks upgraded shares of The Madison Square Garden from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $61.80 price target on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $66.97.

The Madison Square Garden (NYSE:MSG) opened at 61.20 on Thursday. The Madison Square Garden has a 52 week low of $48.16 and a 52 week high of $62.84. The stock’s 50-day moving average is $60.75 and its 200-day moving average is $57.24. The company has a market cap of $4.723 billion and a price-to-earnings ratio of 33.51.

The Madison Square Garden Company, is a holding company conducting its operations through direct and indirect subsidiaries.

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